DENSO (OTCMKTS:DNZOY) Raised to “Hold” at Zacks Investment Research

DENSO (OTCMKTS:DNZOYGet Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, reports.

According to Zacks, “Denso Corporation is the global manufacturer and supplier of automotive technology, systems and auto parts. Its automotive supplies include advanced technology, systems and components in the areas of thermal, power train control, electric, electronics and information and safety. The Company’s product line includes body electronics, hybrid vehicle components, automatic identification products, industrial robots, programmable logic controllers; and products that provide engine management, climate control, driving control and safety. Products offered by Denso are: automotive air conditioning, heaters, cockpit modules, radiators, starters, alternators, concealed rear wipers, windshield wiper, washer systems, power windows, airbag sensing, lane keeping assist, electric power steering systems, battery ECU, DC-DC converters, integrated starter generators, electric compressors, car navigation systems, electronic toll collection systems, and data communication modules. Denso is headquartered in Kariya City, Japan. “

OTCMKTS DNZOY traded up $0.35 during trading on Tuesday, hitting $30.50. 71,361 shares of the company traded hands, compared to its average volume of 84,112. DENSO has a 12 month low of $27.31 and a 12 month high of $44.85. The business has a fifty day simple moving average of $29.60 and a 200 day simple moving average of $34.51. The company has a current ratio of 1.86, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $48.06 billion, a P/E ratio of 19.93 and a beta of 0.95.

DENSO Company Profile (Get Rating)

DENSO Corporation develops, manufactures, and sells automotive parts in Japan, rest of Asia, North America, Europe, and internationally. It offers air-conditioning systems, including heat pump air-conditioning systems, control system and refrigerant products, air-conditioning 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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