Denso (OTCMKTS:DNZOY) Shares Up 4.2% – Still a Buy?

Denso Corp. (OTCMKTS:DNZOY) was up 4.2% on Thursday . The company traded as high as $12.67 and last traded at $12.67. Approximately 496 shares were traded during trading, a decline of 100% from the average session volume of 167,182 shares. The stock had previously closed at $12.1590.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Zacks Research lowered shares of Denso from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Denso presently has an average rating of “Reduce”.

Denso Trading Down 0.5%

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.44. The business’s fifty day simple moving average is $12.16 and its 200 day simple moving average is $12.16. The stock has a market cap of $35.25 billion, a price-to-earnings ratio of 11.76 and a beta of 0.94.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Denso had a return on equity of 7.85% and a net margin of 5.59%.The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.42 billion. On average, research analysts predict that Denso Corp. will post 0.89 EPS for the current year.

About Denso

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. Its product portfolio includes thermal-management systems, air-conditioning and heating equipment, engine and powertrain components, fuel-injection systems, electrical and electronic components, and windshield wipers.

The company also provides technologies supporting vehicle electrification, advanced driver-assistance systems, automated driving, connected vehicles, and vehicle safety.