Denso (OTCMKTS:DNZOY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Denso (OTCMKTS:DNZOY) from a strong sell rating to a hold rating in a research note released on Monday,Zacks reports.

Denso Stock Performance

Shares of Denso stock opened at $11.66 on Monday. The stock’s fifty day moving average is $12.02 and its two-hundred day moving average is $11.98. The company has a market capitalization of $33.94 billion, a PE ratio of 11.32 and a beta of 0.95. The company has a quick ratio of 1.44, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. Denso has a 52 week low of $11.18 and a 52 week high of $15.46.

Denso (OTCMKTS:DNZOY) last released its earnings results on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $12.01 billion for 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 expect that Denso will post 0.89 earnings per share for the current year.

Denso Company Profile

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.