Daikin Industries (OTCMKTS:DKILY) Shares Gap Down – What’s Next?

Daikin Industries (OTCMKTS:DKILY)’s stock price 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 traded.

Daikin Industries Trading Down 0.1%

The firm has a market cap of $39.48 billion, a P/E ratio of 21.74, a PEG ratio of 1.49 and a beta of 0.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.05. The stock has a 50 day moving average of $13.22 and a 200 day moving average of $14.08.

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

About Daikin Industries

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.