Denso (OTCMKTS:DNZOY) Hits New 52-Week Low – Here’s Why

Shares of Denso Corp. (OTCMKTS:DNZOY) hit a new 52-week low on Tuesday . The stock traded as low as $11.4340 and last traded at $11.4340, with a volume of 29957 shares trading hands. The stock had previously closed at $11.78.

Analyst Upgrades and Downgrades

DNZOY has been the subject of a number of research reports. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. The Goldman Sachs Group cut shares of Denso from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Denso Price Performance

The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The firm has a market cap of $34.84 billion, a price-to-earnings ratio of 11.19 and a beta of 1.05. The stock has a 50-day moving average of $12.48 and a two-hundred day moving average of $13.36.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings results on Monday, April 27th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Denso had a return on equity of 8.29% and a net margin of 5.82%.The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $11.92 billion. On average, analysts anticipate that Denso Corp. will post 1.14 EPS for the current year.

Denso Company Profile

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.