Daikin Industries (OTCMKTS:DKILY) Shares Gap Up – Here’s What Happened

Daikin Industries (OTCMKTS:DKILY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $11.58, but opened at $12.20. Daikin Industries shares last traded at $11.84, with a volume of 19,085 shares trading hands.

Daikin Industries Price Performance

The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The firm has a market cap of $34.67 billion, a P/E ratio of 18.48, a PEG ratio of 2.01 and a beta of 0.97. The company has a fifty day moving average price of $12.51 and a two-hundred day moving average price of $11.82.

Daikin Industries (OTCMKTS:DKILY) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $1,253.30 billion. Daikin Industries had a return on equity of 9.53% and a net margin of 6.02%. Equities analysts anticipate that Daikin Industries will post 0.56 earnings per share for the current year.

Daikin Industries Company Profile

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.