Denso (OTCMKTS:DNZOY) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Denso's share price crossed below its 200-day moving average (200‑day MA $13.65), trading as low as $12.38 and last at $12.44 on volume of 106,546, a commonly watched technical bearish signal.
• Analyst consensus is an average Hold rating (four analysts at Hold), with recent activity including Zacks upgrading to Hold and Goldman Sachs downgrading to Neutral.
• Recent results showed an earnings beat—EPS $0.34 vs. $0.30 and revenue $12.24B vs. $11.88B—while the company has a $36.21B market cap, P/E of 13.52, low debt-to-equity (0.10) and ROE of 7.23%.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.65 and traded as low as $12.38. Denso shares last traded at $12.44, with a volume of 106,546 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Zacks Research raised shares of Denso from a "strong sell" rating to a "hold" rating in a research note on Monday, January 26th. The Goldman Sachs Group lowered shares of Denso from a "strong-buy" rating to a "neutral" rating in a research note on Wednesday, January 7th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Denso presently has an average rating of "Hold".

Denso Stock Up 4.3%

The business's 50 day simple moving average is $13.15 and its 200-day simple moving average is $13.65. The company has a market cap of $36.21 billion, a price-to-earnings ratio of 13.52 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.91.

Denso (OTCMKTS:DNZOY - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $12.24 billion during the quarter, compared to analyst estimates of $11.88 billion. Denso had a net margin of 5.12% and a return on equity of 7.23%. Sell-side analysts expect that Denso Corp. will post 1.05 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.

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