Daiwa House Industry (OTCMKTS:DWAHY) Shares Gap Down – Here’s Why

Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $33.83, but opened at $31.75. Daiwa House Industry shares last traded at $33.16, with a volume of 15,159 shares traded.

Daiwa House Industry Stock Down 2.4%

The company has a market cap of $21.45 billion, a P/E ratio of 9.65 and a beta of 0.35. The stock has a 50 day moving average price of $34.69 and a two-hundred day moving average price of $34.67.

Daiwa House Industry (OTCMKTS:DWAHY) last released its quarterly earnings results on Friday, February 13th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.42. The firm had revenue of $9.17 billion during the quarter, compared to the consensus estimate of $8.83 billion.

Daiwa House Industry Company Profile

Daiwa House Industry Co, Ltd. is a major Japanese construction and real estate development company headquartered in Osaka, Japan. Founded in 1955, the company is best known as one of Japan’s largest homebuilders and a comprehensive provider of real estate solutions. Its core activities span the planning, design, construction and sale of detached houses, condominiums and rental housing, leveraging prefabrication and standardized building techniques to serve residential markets across Japan.

Beyond residential construction, Daiwa House operates broadly across commercial and industrial segments.