Daikin Industries (OTCMKTS:DKILY) Stock Price Up 0.2% – Time to Buy?

Daikin Industries (OTCMKTS:DKILY)’s share price was up 0.2% during trading on Tuesday . The company traded as high as $13.13 and last traded at $13.03. Approximately 224,993 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 295,414 shares. The stock had previously closed at $13.00.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded Daikin Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Daikin Industries currently has a consensus rating of “Hold”.

Daikin Industries Price Performance

The stock has a 50 day moving average of $14.51 and a 200-day moving average of $13.82. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $38.13 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94.

Daikin Industries (OTCMKTS:DKILY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Daikin Industries had a return on equity of 8.54% and a net margin of 5.24%.The company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.41 billion. On average, equities research analysts anticipate that Daikin Industries will post 0.65 earnings per share for the current fiscal year.

Daikin Industries Company Profile

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.