Denso (OTCMKTS:DNZOY) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Denso Corp. (OTCMKTS:DNZOY)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.48 and traded as low as $12.21. Denso shares last traded at $12.2350, with a volume of 109,482 shares changing hands.

Analyst Ratings Changes

Separately, Citigroup cut shares of 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, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Denso Stock Performance

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 firm’s fifty day simple moving average is $11.99 and its 200 day simple moving average is $12.48. The company has a market capitalization of $35.62 billion, a PE ratio of 11.88 and a beta of 0.95.

Denso (OTCMKTS:DNZOY) last posted 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). Denso had a net margin of 5.59% and a return on equity of 7.71%. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $11.42 billion. On average, research analysts predict that Denso Corp. will post 0.95 EPS for the current 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.