Denso (OTCMKTS:DNZOY) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of Denso (OTCMKTS:DNZOY) from a hold rating to a strong sell rating in a research report report published on Wednesday,Zacks.com reports.

Separately, Citigroup downgraded shares of Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Denso Trading Down 0.3%

OTCMKTS DNZOY opened at $11.90 on Wednesday. Denso has a one year low of $11.18 and a one year high of $15.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.41 and a current ratio of 2.09. The company has a market capitalization of $34.64 billion, a price-to-earnings ratio of 11.55 and a beta of 0.95. The company’s 50-day simple moving average is $12.00 and its two-hundred day simple moving average is $12.42.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). Denso had a return on equity of 7.71% and a net margin of 5.59%.The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $11.42 billion. Equities analysts forecast that Denso will post 0.89 EPS for the current fiscal 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.