Denso (OTCMKTS:DNZOY) Reaches New 12-Month Low – What’s Next?

Denso Corp. (OTCMKTS:DNZOY)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $11.29 and last traded at $11.60, with a volume of 107581 shares changing hands. The stock had previously closed at $11.85.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Denso Trading Down 2.1%

The firm has a market cap of $33.77 billion, a P/E ratio of 10.84 and a beta of 0.95. The firm’s fifty day moving average is $11.94 and its two-hundred day moving average is $12.92. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.10.

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 the consensus estimate of $0.36 by $0.04. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $11.85 billion. Denso had a net margin of 5.82% and a return on equity of 8.29%. Analysts predict that Denso Corp. will post 0.95 earnings per share for the current fiscal 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.