DENSO (OTCMKTS:DNZOY) Shares Cross Above 50-Day Moving Average - What's Next?

DENSO Co. (OTCMKTS:DNZOY - Get Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.65 and traded as high as $13.33. DENSO shares last traded at $13.31, with a volume of 96,452 shares changing hands.

Wall Street Analysts Forecast Growth

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

DENSO Trading Up 1.7 %

The stock has a market capitalization of $38.48 billion, a P/E ratio of 12.96 and a beta of 1.01. The business has a 50 day simple moving average of $12.66 and a 200-day simple moving average of $13.41. 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 released its earnings results on Friday, April 25th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). DENSO had a return on equity of 8.06% and a net margin of 6.37%. The firm had revenue of $13.01 billion for the quarter, compared to analyst estimates of $1,829.26 billion. On average, analysts predict that DENSO Co. will post 1.05 EPS for the current 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.