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

Shares of Denso Corp. (OTCMKTS:DNZOY) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.66 and traded as high as $15.3728. Denso shares last traded at $14.98, with a volume of 34,643 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on DNZOY. UBS Group cut shares of Denso from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Denso Stock Up 0.2%

The company has a current ratio of 1.80, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $43.61 billion, a PE ratio of 15.77 and a beta of 1.01. The business’s 50-day simple moving average is $14.66 and its 200-day simple moving average is $13.83.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Denso had a return on equity of 7.67% and a net margin of 5.62%.The business had revenue of $11.78 billion for the quarter, compared to analysts’ expectations of $1,767.34 billion. As a group, equities research analysts anticipate 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.