Denso (OTCMKTS:DNZOY) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Denso Corp. (OTCMKTS:DNZOY) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 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 traded.

Analysts Set New Price Targets

Separately, Citigroup downgraded Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Denso Stock Down 0.2%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.41 and a current ratio of 2.09. The firm has a fifty day simple moving average of $11.81 and a 200-day simple moving average of $12.62. The firm has a market cap of $35.25 billion, a price-to-earnings ratio of 11.32 and a beta of 0.96.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The company 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 8.14%. As a group, sell-side analysts expect 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.