DENSO (OTCMKTS:DNZOY) Shares Pass Above Fifty Day Moving Average - Here's What Happened

DENSO Co. (OTCMKTS:DNZOY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.70 and traded as high as $13.66. DENSO shares last traded at $13.66, with a volume of 186,143 shares changing hands.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised DENSO to a "hold" rating in a report on Monday, April 14th.

DENSO Stock Performance

The stock has a market cap of $38.57 billion, a P/E ratio of 12.99 and a beta of 1.01. The company has a quick ratio of 1.32, a current ratio of 1.92 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $12.71 and a two-hundred day moving average price of $13.39.

DENSO (OTCMKTS:DNZOY - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). The firm had revenue of $13.01 billion during the quarter, compared to analysts' expectations of $1,829.26 billion. DENSO had a return on equity of 8.06% and a net margin of 6.37%. On average, sell-side analysts forecast that DENSO Co. will post 1.05 earnings per share for the current fiscal year.

About DENSO

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.