Denso (OTCMKTS:DNZOY) Stock Price Down 4.7% – What’s Next?

Shares of Denso Corp. (OTCMKTS:DNZOY) fell 4.7% during trading on Wednesday . The company traded as low as $11.4350 and last traded at $11.44. 33,483 shares changed hands during trading, a decline of 81% from the average session volume of 179,195 shares. The stock had previously closed at $12.00.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Four equities research 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 Stock Performance

The firm has a market capitalization of $33.85 billion, a P/E ratio of 10.87 and a beta of 0.95. The company’s 50 day moving average is $11.94 and its 200-day moving average is $12.93. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.10.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Monday, April 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $11.85 billion. Denso had a net margin of 5.82% and a return on equity of 8.29%. As a group, equities analysts anticipate that Denso Corp. will post 0.95 EPS for the current 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.