Denso (OTCMKTS:DNZOY) Reaches New 1-Year Low – What’s Next?

Denso Corp. (OTCMKTS:DNZOY) reached a new 52-week low during trading on Tuesday. The company traded as low as $11.17 and last traded at $11.59, with a volume of 44,311 shares traded. The stock had previously closed at $11.72.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Denso presently has a consensus rating of “Hold”.

Denso Price Performance

The stock has a market cap of $33.61 billion, a P/E ratio of 11.21 and a beta of 0.95. The company has a 50 day simple moving average of $11.95 and a 200 day simple moving average of $12.40. The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19.

Denso (OTCMKTS:DNZOY) last issued its quarterly 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 return on equity of 7.85% and a net margin of 5.59%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $11.42 billion. Sell-side analysts forecast that Denso Corp. will post 0.89 earnings per share for the current fiscal year.

About Denso

DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.

The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.