Zacks Research Downgrades Denso (OTCMKTS:DNZOY) to Strong Sell

Denso (OTCMKTS:DNZOY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Citigroup cut shares of Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Denso Trading Down 0.3%

Shares of Denso stock opened at $11.90 on Wednesday. The stock has a market capitalization of $34.64 billion, a P/E ratio of 11.55 and a beta of 0.95. The company has a quick ratio of 1.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $12.00 and a 200 day simple moving average of $12.42. Denso has a 12-month low of $11.18 and a 12-month high of $15.85.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.42 billion. Denso had a net margin of 5.59% and a return on equity of 7.71%. Research analysts expect that Denso will post 0.89 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.