Denso (OTCMKTS:DNZOY) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

by · The Cerbat Gem

Denso Corp. (OTCMKTS:DNZOY – Get Free Report)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.32 and traded as high as $13.52. Denso shares last traded at $13.52, with a volume of 38,062 shares.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of Denso to a “hold” rating in a report on Monday, April 14th.

View Our Latest Stock Analysis on DNZOY

Denso Price Performance

The business’s fifty day moving average is $13.32 and its 200 day moving average is $13.11. The company has a current ratio of 1.85, a quick ratio of 1.28 and a debt-to-equity ratio of 0.09. The company has a market cap of $39.36 billion, a P/E ratio of 14.08 and a beta of 0.97.

Denso (OTCMKTS:DNZOY – Get Free Report) last issued 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 net margin of 5.85% and a return on equity of 7.73%. The business had revenue of $13.01 billion for the quarter, compared to the consensus estimate of $1,829.26 billion. As a group, sell-side analysts anticipate that Denso Corp. will post 1.05 EPS for the current year.

Denso Company Profile

(Get Free Report)

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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