Denso (OTCMKTS:DNZOY) Downgraded by Zacks Research to Strong Sell

Denso (OTCMKTS:DNZOY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Citigroup downgraded Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Denso has an average rating of “Reduce”.

Denso Stock Performance

DNZOY opened at $11.90 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.41 and a current ratio of 2.09. The company has a market cap of $34.64 billion, a PE ratio of 11.55 and a beta of 0.95. The stock has a 50-day moving average of $12.00 and a 200-day moving average of $12.42. Denso has a 52-week low of $11.18 and a 52-week high of $15.85.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings data 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 net margin of 5.59% and a return on equity of 7.71%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.42 billion. As a group, equities research analysts forecast that Denso will post 0.89 earnings per share 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.