Denso (OTCMKTS:DNZOY) Sees Strong Trading Volume Following Analyst Upgrade

Denso Corp. (OTCMKTS:DNZOY) saw strong trading volume on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. Approximately 170,444 shares were traded during trading, an increase of 6% from the previous session’s volume of 160,667 shares. The stock last traded at $11.71 and had previously closed at $11.53.

Denso Stock Performance

The firm has a 50 day moving average of $12.01 and a 200-day moving average of $11.98. The company has a market cap of $33.48 billion, a P/E ratio of 11.17 and a beta of 0.95. The company has a quick ratio of 1.44, a current ratio of 2.12 and a debt-to-equity ratio of 0.19.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $11.42 billion. Denso had a net margin of 5.59% and a return on equity of 7.85%. As a group, sell-side analysts anticipate that Denso Corp. will post 0.89 EPS for the current fiscal year.

About Denso

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. The company serves automakers and mobility-related customers with technologies designed to improve vehicle safety, efficiency, comfort and environmental performance.

Its product portfolio includes thermal systems such as air-conditioning and refrigeration components, powertrain and electrification systems, automotive electronics, sensors, semiconductor-related products, cockpit and connectivity technologies, and advanced driver-assistance and safety systems.