Daikin Industries (OTCMKTS:DKILY) Shares Gap Down – Should You Sell?

Shares of Daikin Industries (OTCMKTS:DKILY) gapped down prior to trading on Tuesday . The stock had previously closed at $12.00, but opened at $11.65. Daikin Industries shares last traded at $12.1110, with a volume of 296,026 shares traded.

Daikin Industries Price Performance

The stock has a market cap of $35.44 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.47 and a beta of 0.88. The business has a 50 day simple moving average of $12.38 and a 200-day simple moving average of $12.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.95.

Daikin Industries (OTCMKTS:DKILY) last released its earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $1,153.92 billion. Daikin Industries had a return on equity of 9.00% and a net margin of 5.69%. On average, sell-side analysts forecast that Daikin Industries will post 0.56 EPS for the current year.

About Daikin Industries

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.