Denso (OTCMKTS:DNZOY) Reaches New 12-Month Low – What’s Next?

Denso Corp. (OTCMKTS:DNZOY) hit a new 52-week low during trading on Thursday . The company traded as low as $11.29 and last traded at $11.60, with a volume of 107581 shares trading hands. The stock had previously closed at $11.85.

Analyst Ratings Changes

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

Denso Stock Down 2.1%

The stock’s fifty day moving average is $11.94 and its 200 day moving average is $12.92. The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $33.77 billion, a P/E ratio of 10.84 and a beta of 0.95.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Denso had a net margin of 5.82% and a return on equity of 8.29%. The company had revenue of $12.80 billion during the quarter, compared to analyst estimates of $11.85 billion. Research analysts predict that Denso Corp. will post 0.95 EPS 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.