Denso (OTCMKTS:DNZOY) Reaches New 12-Month Low – Should You Sell?

Denso Corp. (OTCMKTS:DNZOY)’s share price reached a new 52-week low on Tuesday. The stock traded as low as $11.17 and last traded at $11.59, with a volume of 44,311 shares. The stock had previously closed at $11.72.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Three analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of “Hold”.

Denso Trading Down 1.5%

The business’s 50 day moving average price is $11.95 and its 200-day moving average price is $12.40. The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19. The company has a market cap of $33.61 billion, a price-to-earnings ratio of 11.21 and a beta of 0.95.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Denso had a net margin of 5.59% and a return on equity of 7.85%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.42 billion. On average, equities analysts anticipate that Denso Corp. will post 0.89 EPS for the current fiscal year.

Denso Company Profile

DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.

The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.