Denso (OTCMKTS:DNZOY) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Denso Corp. (OTCMKTS:DNZOY) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.21 and traded as low as $12.02. Denso shares last traded at $12.0920, with a volume of 160,714 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Denso Stock Up 3.2%

The company’s fifty day simple moving average is $12.17 and its 200 day simple moving average is $13.21. 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 capitalization of $35.20 billion, a P/E ratio of 11.30 and a beta of 0.97.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.40 EPS for the quarter, beating the consensus estimate 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 $11.85 billion. Research analysts expect that Denso Corp. will post 0.95 EPS for the current year.

About Denso

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.