Denso (OTCMKTS:DNZOY) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Denso Corp. (OTCMKTS:DNZOY) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $14.58 and traded as high as $14.81. Denso shares last traded at $14.80, with a volume of 64,094 shares changing hands.

Analysts Set New Price Targets

DNZOY has been the subject of a number of analyst reports. UBS Group cut shares of Denso from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Denso Price Performance

The company has a market cap of $43.07 billion, a price-to-earnings ratio of 15.58 and a beta of 1.01. The company has a quick ratio of 1.25, a current ratio of 1.80 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average price is $14.58 and its two-hundred day moving average price is $13.66.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $11.78 billion during the quarter, compared to analyst estimates of $1,767.34 billion. Denso had a net margin of 5.62% and a return on equity of 7.67%. On average, equities research analysts forecast that Denso Corp. will post 1.05 EPS for the current fiscal 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.