DENSO (OTCMKTS:DNZOY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

DENSO Co. (OTCMKTS:DNZOY)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.65 and traded as high as $13.33. DENSO shares last traded at $13.31, with a volume of 96,452 shares traded.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of DENSO to a “hold” rating in a research note on Monday, April 14th.

DENSO Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.92 and a quick ratio of 1.32. The stock has a market capitalization of $38.75 billion, a P/E ratio of 13.05 and a beta of 0.99. The stock’s fifty day moving average is $12.65 and its 200-day moving average is $13.42.

DENSO (OTCMKTS:DNZOY) last released its quarterly earnings results on Friday, April 25th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). DENSO had a return on equity of 8.06% and a net margin of 6.37%. The company had revenue of $13.01 billion for the quarter, compared to the consensus estimate of $1,829.26 billion. On average, equities analysts anticipate that DENSO Co. will post 1.05 earnings per share for the current year.

About DENSO

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.