Denso (OTCMKTS:DNZOY) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Denso Corp. (OTCMKTS:DNZOY)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.81 and traded as high as $12.25. Denso shares last traded at $12.11, with a volume of 81,239 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Denso Stock Down 0.2%

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.09 and a quick ratio of 1.41. The company has a market capitalization of $35.25 billion, a price-to-earnings ratio of 11.32 and a beta of 0.96. The firm has a 50-day moving average price of $11.81 and a two-hundred day moving average price of $12.62.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings results on Monday, April 27th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $11.85 billion. Denso had a return on equity of 8.14% and a net margin of 5.82%. As a group, sell-side analysts anticipate that Denso Corp. will post 0.95 earnings per share for the current fiscal year.

Denso Company Profile

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.