Denso (OTCMKTS:DNZOY) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Denso Corp. (OTCMKTS:DNZOY) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.48 and traded as low as $12.21. Denso shares last traded at $12.2350, with a volume of 109,482 shares.

Analyst Ratings Changes

Separately, Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Denso Price Performance

The company has a market cap of $35.62 billion, a PE ratio of 11.88 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. The stock’s 50-day moving average is $11.99 and its 200 day moving average is $12.48.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) 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. On average, equities analysts anticipate that Denso Corp. will post 0.95 earnings per share for the current fiscal year.

Denso Company Profile

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.