Denso (OTCMKTS:DNZOY) Stock Price Down 4.7% – Should You Sell?

Denso Corp. (OTCMKTS:DNZOY) shares 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 Ratings Changes

Separately, Citigroup downgraded shares of Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Denso has a consensus rating of “Hold”.

Denso Trading Down 0.3%

The company has a market capitalization of $33.65 billion, a P/E ratio of 10.80 and a beta of 0.95. The company has a 50-day simple moving average of $11.92 and a 200 day simple moving average of $12.91. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.91.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings data 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. The company had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $11.85 billion. Denso had a return on equity of 8.29% and a net margin of 5.82%. Sell-side analysts expect that Denso Corp. will post 0.95 earnings per share for the current 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.