Denso (OTCMKTS:DNZOY) Stock Crosses Below 200-Day Moving Average on Analyst Downgrade

Shares of Denso Corp. (OTCMKTS:DNZOY) passed below its 200-day moving average during trading on Wednesday after Citigroup downgraded the stock from a strong-buy rating to a hold rating. The stock has a 200-day moving average of $13.21 and traded as low as $12.02. Denso shares last traded at $12.0920, with a volume of 160,714 shares.

Separately, Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Denso Stock Performance

The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The firm has a market cap of $35.43 billion, a price-to-earnings ratio of 11.37 and a beta of 0.97. The stock has a fifty day moving average price of $12.11 and a 200 day moving average price of $13.18.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $11.85 billion. Denso had a return on equity of 8.29% and a net margin of 5.82%. As a group, analysts predict that Denso Corp. will post 0.95 earnings per share for the current 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.