Denso (OTCMKTS:DNZOY) Sees Large Volume Increase – What’s Next?

Denso Corp. (OTCMKTS:DNZOY) saw strong trading volume on Tuesday . 317,460 shares changed hands during trading, an increase of 201% from the previous session’s volume of 105,572 shares.The stock last traded at $12.8350 and had previously closed at $12.81.

Analyst Ratings Changes

Several brokerages have commented on DNZOY. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. The Goldman Sachs Group cut shares of Denso from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, January 7th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Denso Trading Down 0.4%

The business has a 50-day moving average of $13.92 and a 200-day moving average of $14.02. The stock has a market capitalization of $37.12 billion, a price-to-earnings ratio of 13.86 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.91.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Denso had a return on equity of 7.23% and a net margin of 5.12%.The company had revenue of $12.24 billion for the quarter, compared to analyst estimates of $11.88 billion. As a group, research analysts forecast that Denso Corp. will post 1.05 EPS for the current year.

About Denso

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.