Denso (OTCMKTS:DNZOY) Sees Strong Trading Volume – Here’s What Happened

Denso Corp. (OTCMKTS:DNZOY) shares saw unusually-strong trading volume on Friday . Approximately 385,411 shares were traded during mid-day trading, an increase of 116% from the previous session’s volume of 178,169 shares.The stock last traded at $11.60 and had previously closed at $11.56.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Denso has a consensus rating of “Hold”.

Denso Stock Up 0.2%

The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The firm’s 50 day simple moving average is $11.92 and its 200-day simple moving average is $12.91. The stock has a market capitalization of $33.71 billion, a price-to-earnings ratio of 10.82 and a beta of 0.95.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Denso had a net margin of 5.82% and a return on equity of 8.29%. The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $11.85 billion. Equities analysts expect that Denso Corp. will post 0.95 earnings per share for the current fiscal 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.