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

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

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

Denso Trading Down 0.3%

Shares of DNZOY stock opened at $11.90 on Wednesday. Denso has a 52-week low of $11.18 and a 52-week high of $15.85. The stock has a market cap of $34.64 billion, a price-to-earnings ratio of 11.55 and a beta of 0.95. 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 firm has a fifty day moving average of $12.00 and a 200-day moving average of $12.42.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.42 billion. Denso had a return on equity of 7.71% and a net margin of 5.59%. On average, 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.