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

Denso Corp. (OTCMKTS:DNZOY) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $11.97 and traded as low as $11.6650. Denso shares last traded at $11.70, with a volume of 75,280 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Three equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Denso Trading Up 0.2%

The company has a quick ratio of 1.44, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $34.15 billion, a P/E ratio of 11.39 and a beta of 0.95. The company has a fifty day simple moving average of $11.95 and a two-hundred day simple moving average of $11.96.

Denso (OTCMKTS:DNZOY) last announced 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 the consensus estimate of $11.42 billion. Denso had a return on equity of 7.85% and a net margin of 5.59%. On average, sell-side analysts expect that Denso Corp. will post 0.89 earnings per share for the current year.

Denso Company Profile

DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.

The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.