DENSO (OTCMKTS:DNZOY) Share Price Passes Above 50 Day Moving Average - Here's What Happened

DENSO Co. (OTCMKTS:DNZOY - Get Free Report) shares 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 trading hands.

Wall Street Analyst Weigh In

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

DENSO Stock Down 0.8%

The company has a market cap of $38.57 billion, a PE ratio of 12.99 and a beta of 1.01. The company has a fifty day moving average of $12.71 and a two-hundred day moving average of $13.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.32 and a current ratio of 1.92.

DENSO (OTCMKTS:DNZOY - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). The company 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%. As a group, analysts anticipate that DENSO Co. will post 1.05 earnings per share for the current fiscal year.

DENSO Company Profile

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.