Denso (OTCMKTS:DNZOY) Stock Price Down 4.7% – What’s Next?

Shares of Denso Corp. (OTCMKTS:DNZOY) fell 4.7% on Wednesday . The stock traded as low as $11.4350 and last traded at $11.44. 33,483 shares changed hands during trading, a decline of 81% from the average session volume of 179,195 shares. The stock had previously closed at $12.00.

Analyst Upgrades and Downgrades

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

Denso Stock Down 1.9%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 1.28. The stock has a market capitalization of $33.85 billion, a PE ratio of 10.87 and a beta of 0.95. The company has a 50 day moving average price of $11.94 and a 200-day moving average price of $12.93.

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. Denso had a return on equity of 8.29% and a net margin of 5.82%.The company had revenue of $12.80 billion for the quarter, compared to analyst estimates of $11.85 billion. As a group, analysts forecast 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.