Denso (OTCMKTS:DNZOY) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Denso Corp. (OTCMKTS:DNZOY) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.06 and traded as high as $12.16. Denso shares last traded at $12.14, with a volume of 64,156 shares traded.

Wall Street Analysts Forecast Growth

DNZOY has been the topic of several research analyst reports. Citigroup cut Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Zacks Research cut Denso from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Denso presently has a consensus rating of “Reduce”.

Denso Price Performance

The stock’s fifty day moving average price is $12.06 and its 200-day moving average price is $12.33. The firm has a market cap of $34.80 billion, a PE ratio of 11.61 and a beta of 0.95. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 1.41.

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