Denso (DNZOY) Stock Rating Lowered by Zacks Investment Research

Denso (OTCMKTS:DNZOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

Separately, ValuEngine raised shares of Denso from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.

Denso (DNZOY) traded up $0.34 during mid-day trading on Wednesday, hitting $31.55. 10,214 shares of the company’s stock traded hands, compared to its average volume of 13,660. The stock has a market capitalization of $49,570.00, a P/E ratio of 17.34, a PEG ratio of 1.76 and a beta of 0.99. Denso has a 52-week low of $20.81 and a 52-week high of $31.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.70.

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