Daikin Industries (OTCMKTS:DKILY) Shares Gap Up – Time to Buy?

Shares of Daikin Industries (OTCMKTS:DKILY) gapped up before the market opened on Friday . The stock had previously closed at $11.78, but opened at $12.53. Daikin Industries shares last traded at $12.6515, with a volume of 783 shares traded.

Daikin Industries Stock Up 1.8%

The company has a market cap of $37.12 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. The firm’s 50 day moving average price is $11.87 and its two-hundred day moving average price is $11.94. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.86.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Daikin Industries had a net margin of 5.80% and a return on equity of 9.33%. The firm had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $1,253.56 billion. Equities research analysts anticipate that Daikin Industries will post 0.56 EPS for the current fiscal year.

About Daikin Industries

Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally. The company’s air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifiers; heat-pump hot-water supply and room-heating systems; packaged air-conditioning systems; multiple air-conditioning systems for office buildings; air-conditioning systems for facilities and plants; heat reclaim ventilators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases.