Denso (OTCMKTS:DNZOY) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Denso Corp. (OTCMKTS:DNZOY)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.

Analysts Set New Price Targets

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

Denso Stock Down 0.5%

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 business’s 50 day moving average price is $11.82 and its 200 day moving average price is $12.60. The firm has a market cap of $35.40 billion, a PE ratio of 11.36 and a beta of 0.96.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings data 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 company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $11.85 billion. Denso had a return on equity of 8.14% and a net margin of 5.82%. On average, equities research analysts expect that Denso Corp. will post 0.95 earnings per share 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.