Denso (OTCMKTS:DNZOY) Stock Rating Upgraded by Zacks Research

Denso (OTCMKTS:DNZOY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Denso Stock Performance

OTCMKTS DNZOY opened at $11.66 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $12.02 and its two-hundred day moving average price is $11.98. Denso has a 1 year low of $11.18 and a 1 year high of $15.46. The firm has a market capitalization of $33.94 billion, a P/E ratio of 11.19 and a beta of 0.95.

Denso (OTCMKTS:DNZOY) last announced its quarterly 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). Denso had a net margin of 5.59% and a return on equity of 7.85%. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.42 billion. As a group, research analysts anticipate that Denso 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. The company serves automakers and mobility-related customers with technologies designed to improve vehicle safety, efficiency, comfort and environmental performance.

Its product portfolio includes thermal systems such as air-conditioning and refrigeration components, powertrain and electrification systems, automotive electronics, sensors, semiconductor-related products, cockpit and connectivity technologies, and advanced driver-assistance and safety systems.