Daikin Industries (OTCMKTS:DKILY) Shares Gap Up – Still a Buy?

Daikin Industries (OTCMKTS:DKILY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $12.75, but opened at $13.35. Daikin Industries shares last traded at $13.1650, with a volume of 57,607 shares trading hands.

Daikin Industries Price Performance

The business’s fifty day simple moving average is $12.52 and its 200 day simple moving average is $12.41. The firm has a market capitalization of $36.80 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.74 and a beta of 0.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.95 and a quick ratio of 1.23.

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

Daikin Industries Company Profile

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.