Denso (OTCMKTS:DNZOY) Stock Passes Below 200 Day Moving Average – Here’s Why

Denso Corp. (OTCMKTS:DNZOY) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.92 and traded as low as $12.67. Denso shares last traded at $13.10, with a volume of 41,472 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on DNZOY shares. Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. UBS Group lowered Denso from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Denso Price Performance

The firm has a 50-day simple moving average of $14.15 and a two-hundred day simple moving average of $13.92. The company has a market capitalization of $38.13 billion, a price-to-earnings ratio of 13.79 and a beta of 1.04. The company has a current ratio of 1.80, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Friday, October 31st. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). The company had revenue of $11.91 billion during the quarter, compared to analysts’ expectations of $11.67 billion. Denso had a return on equity of 7.67% and a net margin of 5.62%. As a group, analysts predict that Denso Corp. will post 1.05 earnings per share for the current fiscal year.

Denso Company Profile

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.