DENSO (OTCMKTS:DNZOY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

DENSO Co. (OTCMKTS:DNZOY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.07 and traded as low as $12.90. DENSO shares last traded at $12.92, with a volume of 180,372 shares.

DENSO Price Performance

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 firm has a market capitalization of $38.51 billion, a P/E ratio of 12.97 and a beta of 1.04. The business has a 50 day simple moving average of $13.33 and a two-hundred day simple moving average of $14.05.

DENSO (OTCMKTS:DNZOY) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). DENSO had a net margin of 6.37% and a return on equity of 8.06%. On average, sell-side analysts expect that DENSO Co. 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.