Denso (OTCMKTS:DNZOY) Stock Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Denso Corp. stock price surpassed its fifty-day moving average of $14.14, reaching a high of $14.74 during trading.
• The company reported $0.20 earnings per share in its recent quarterly earnings, falling short of analysts' consensus estimate of $0.28.
• Equities research analysts have generally rated Denso stock as a "Hold," with recent upgrades and downgrades adjusting its market perception.

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 $14.14 and traded as high as $14.74. Denso shares last traded at $14.73, with a volume of 30,059 shares.

Analysts Set New Price Targets

Several brokerages recently weighed in on DNZOY. 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Denso has a consensus rating of "Hold".

Denso Stock Performance

The company has a market cap of $42.59 billion, a PE ratio of 15.40 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.80. The stock's 50-day simple moving average is $14.22 and its 200 day simple moving average is $13.41.

Denso (OTCMKTS:DNZOY - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.20 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 analysts' expectations of $1,767.34 billion. Denso had a return on equity of 7.67% and a net margin of 5.62%. As a group, equities analysts anticipate that Denso Corp. 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.