Denso (OTCMKTS:DNZOY) Shares Cross Above 50 Day Moving Average - Should You Sell?

Key Points

• Denso shares recently crossed above their 50-day moving average of $14.58, trading as high as $14.81.
• Analyst ratings reflect mixed opinions, with Zacks downgraded from "strong sell" to "hold," while UBS also adjusted its rating from "strong buy" to "hold."
• The company reported earnings per share of $0.20 for the last quarter, missing estimates by $0.08, with total revenue of $11.78 billion.

Denso Corp. (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 $14.58 and traded as high as $14.81. Denso shares last traded at $14.80, with a volume of 64,094 shares.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DNZOY shares. Zacks Research raised shares of Denso from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. UBS Group downgraded shares of Denso from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Denso has an average rating of "Hold".

Denso Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.80 and a quick ratio of 1.25. The firm has a market capitalization of $43.07 billion, a P/E ratio of 15.58 and a beta of 1.01. The stock's 50 day moving average is $14.58 and its two-hundred day moving average is $13.66.

Denso (OTCMKTS:DNZOY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.08). The firm had revenue of $11.78 billion for the quarter, compared to analyst estimates of $1,767.34 billion. Denso had a net margin of 5.62% and a return on equity of 7.67%. As a group, equities analysts anticipate that Denso Corp. 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.

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