DENSO (OTCMKTS:DNZOY) Share Price Crosses Above 50-Day Moving Average – What’s Next?

DENSO Co. (OTCMKTS:DNZOY) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.70 and traded as high as $13.66. DENSO shares last traded at $13.66, with a volume of 186,143 shares traded.

Analysts Set New Price Targets

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

DENSO Trading Up 0.4%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.32 and a current ratio of 1.92. The company’s fifty day simple moving average is $12.70 and its 200-day simple moving average is $13.40. The company has a market capitalization of $39.76 billion, a P/E ratio of 13.39 and a beta of 1.01.

DENSO (OTCMKTS:DNZOY) last released its quarterly earnings data 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). The business had revenue of $13.01 billion for the quarter, compared to the consensus estimate of $1,829.26 billion. DENSO had a net margin of 6.37% and a return on equity of 8.06%. Research analysts predict that DENSO Co. will post 1.05 earnings per share for the current year.

DENSO Company Profile

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.