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

Shares of DENSO Co. (OTCMKTS:DNZOY) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.53 and traded as low as $13.47. DENSO shares last traded at $13.93, with a volume of 171,657 shares trading hands.

DENSO Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 1.97. The company has a market cap of $40.55 billion, a P/E ratio of 18.33 and a beta of 1.02. The firm’s fifty day moving average is $13.97 and its two-hundred day moving average is $14.53.

DENSO (OTCMKTS:DNZOY) last issued its earnings results on Thursday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter. DENSO had a return on equity of 6.09% and a net margin of 4.70%. The firm had revenue of $11.57 billion for the quarter. As a group, analysts anticipate that DENSO Co. will post 1.05 earnings per share 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.