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

Shares of Daikin Industries (OTCMKTS:DKILY) gapped down prior to trading on Thursday . The stock had previously closed at $12.45, but opened at $11.8801. Daikin Industries shares last traded at $12.19, with a volume of 43,655 shares traded.

Daikin Industries Stock Performance

The firm has a 50 day moving average of $12.65 and a 200-day moving average of $12.40. The company has a market cap of $36.55 billion, a P/E ratio of 20.11, a PEG ratio of 2.17 and a beta of 0.89. The company has a quick ratio of 1.24, a current ratio of 1.98 and a debt-to-equity ratio of 0.16.

Daikin Industries (OTCMKTS:DKILY) last issued its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Daikin Industries had a return on equity of 9.16% and a net margin of 5.80%.The business had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $1,253.56 billion. As a group, sell-side analysts anticipate that Daikin Industries will post 0.56 EPS for the current fiscal 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.