Denso (OTCMKTS:DNZOY) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Denso Corp. (OTCMKTS:DNZOY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.48 and traded as low as $12.21. Denso shares last traded at $12.2350, with a volume of 109,482 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Denso presently has an average rating of “Hold”.

Denso Stock Performance

The stock has a market cap of $35.62 billion, a P/E ratio of 11.88 and a beta of 0.95. The firm’s 50-day moving average is $11.99 and its two-hundred day moving average is $12.48. The company has a quick ratio of 1.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.10.

Denso (OTCMKTS:DNZOY) last posted its earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.42 billion. Denso had a return on equity of 7.71% and a net margin of 5.59%. As a group, research analysts expect that Denso Corp. will post 0.95 EPS 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.