Denso (OTCMKTS:DNZOY) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Denso Corp. (OTCMKTS:DNZOY)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.97 and traded as low as $11.57. Denso shares last traded at $11.62, with a volume of 202,579 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded 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 MarketBeat, Denso currently has an average rating of “Hold”.

Denso Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.91. The firm has a market capitalization of $33.83 billion, a P/E ratio of 10.86 and a beta of 0.97. The stock’s 50 day simple moving average is $11.97 and its 200 day simple moving average is $13.04.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Monday, April 27th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $11.85 billion. Denso had a net margin of 5.82% and a return on equity of 8.29%. As a group, analysts expect 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.