Denso (OTCMKTS:DNZOY) Stock Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Denso Corp. stock (OTCMKTS:DNZOY) recently crossed above its 50-day moving average of $14.31, trading as high as $15.40 before closing at $14.81.
• Brokerage ratings have fluctuated, with Zacks upgrading Denso from "strong sell" to "hold," while UBS downgraded from "strong-buy" to "hold," resulting in an average rating of "Hold."
• In its latest earnings report, Denso posted $0.20 EPS, missing estimates of $0.28, with revenues reported at $11.78 billion against expectations of $1,767.34 billion.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.31 and traded as high as $15.40. Denso shares last traded at $14.81, with a volume of 70,862 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DNZOY. Zacks Research raised shares of Denso from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. UBS Group cut 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, Based on data from MarketBeat, the stock has an average rating of "Hold".

Denso Stock Performance

The business's fifty day moving average is $14.31 and its two-hundred day moving average is $13.45. The company has a quick ratio of 1.25, a current ratio of 1.80 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $43.11 billion, a PE ratio of 15.59 and a beta of 0.97.

Denso (OTCMKTS:DNZOY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.08). The business had revenue of $11.78 billion during the quarter, compared to analysts' expectations of $1,767.34 billion. Denso had a net margin of 5.62% and a return on equity of 7.67%. As a group, research analysts anticipate that Denso Corp. will post 1.05 EPS 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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