Denso (OTCMKTS:DNZOY) Shares Gap Down – Should You Sell?

Denso Corp. (OTCMKTS:DNZOY) gapped down prior to trading on Monday . The stock had previously closed at $12.15, but opened at $11.71. Denso shares last traded at $11.71, with a volume of 189 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Denso from a “hold” rating to a “strong sell” rating in a report 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. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Denso Trading Down 0.2%

The company has a quick ratio of 1.44, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. The company has a market cap of $35.31 billion, a price-to-earnings ratio of 11.78 and a beta of 0.94. The firm has a 50 day moving average price of $12.19 and a two-hundred day moving average price of $12.06.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.16 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 company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.42 billion. As a group, equities analysts forecast that Denso Corp. will post 0.89 earnings per share 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.