Denso (OTCMKTS:DNZOY) Stock Crosses Above 50-Day Moving Average – What’s Next?

Denso Corp. (OTCMKTS:DNZOY)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.14 and traded as high as $12.17. Denso shares last traded at $12.1590, with a volume of 59,869 shares traded.

Wall Street Analysts Forecast Growth

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

Denso Price Performance

The firm has a 50-day moving average of $12.16 and a 200-day moving average of $12.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.44 and a current ratio of 2.12. The firm has a market capitalization of $35.11 billion, a P/E ratio of 11.71 and a beta of 0.94.

Denso (OTCMKTS:DNZOY) last posted its earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.42 billion. Denso had a return on equity of 7.85% and a net margin of 5.59%. As a group, analysts predict that Denso Corp. will post 0.89 EPS for the current year.

About Denso

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. Its product portfolio includes thermal-management systems, air-conditioning and heating equipment, engine and powertrain components, fuel-injection systems, electrical and electronic components, and windshield wipers.

The company also provides technologies supporting vehicle electrification, advanced driver-assistance systems, automated driving, connected vehicles, and vehicle safety.