Daikin Industries (OTCMKTS:DKILY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Daikin Industries (OTCMKTS:DKILY) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $13.57 and traded as high as $14.00. Daikin Industries shares last traded at $13.7535, with a volume of 216,358 shares traded.

Daikin Industries Stock Performance

The firm’s 50-day moving average price is $13.29 and its two-hundred day moving average price is $13.57. The company has a quick ratio of 1.05, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $40.31 billion, a PE ratio of 22.55, a P/E/G ratio of 1.47 and a beta of 0.88.

Daikin Industries (OTCMKTS:DKILY) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $8.58 billion. Daikin Industries had a net margin of 5.24% and a return on equity of 8.73%. As a group, research analysts predict that Daikin Industries will post 0.65 earnings per share 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.