Daikin Industries (OTCMKTS:DKILY) Shares Gap Down – Here’s Why

Daikin Industries (OTCMKTS:DKILY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $13.58, but opened at $13.09. Daikin Industries shares last traded at $13.4737, with a volume of 9,482 shares.

Daikin Industries Price Performance

The business’s 50-day moving average price is $13.22 and its 200 day moving average price is $14.06. The company has a market capitalization of $39.51 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The company has a quick ratio of 1.05, a current ratio of 1.62 and a debt-to-equity ratio of 0.15.

Daikin Industries (OTCMKTS:DKILY) last announced its earnings results on Tuesday, August 4th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.41 billion. Daikin Industries had a return on equity of 8.73% and a net margin of 5.24%. Analysts anticipate that Daikin Industries will post 0.65 EPS for the current fiscal year.

Daikin Industries Company Profile

Daikin Industries, Ltd. is a Japan-based manufacturer specializing in heating, ventilation, air conditioning and refrigeration systems. The company offers residential, commercial and industrial air-conditioning equipment, heat pumps, chillers, refrigeration systems, air purifiers and related controls and services.

Daikin also operates a chemicals business that produces fluorinated materials and other specialty chemical products used in applications such as automotive components, electronics, industrial equipment and energy-related products.