Daikin Industries (OTCMKTS:DKILY) Shares Gap Down – Should You Sell?

Daikin Industries (OTCMKTS:DKILY) gapped down prior to trading on Thursday. The stock had previously closed at $13.45, but opened at $12.86. Daikin Industries shares last traded at $13.16, with a volume of 27,481 shares.

Daikin Industries Trading Down 2.5%

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 firm has a market capitalization of $38.46 billion, a PE ratio of 21.51, a P/E/G ratio of 1.46 and a beta of 0.90. The company’s fifty day simple moving average is $13.50 and its 200-day simple moving average is $13.94.

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

About Daikin Industries

Daikin Industries, Ltd. is a Japanese manufacturer specializing in heating, ventilation, air conditioning and refrigeration equipment. Its products include residential, commercial and industrial air conditioners, heat pumps, air purifiers, chillers, refrigeration systems and related controls and services.

The company also operates a chemicals business that develops and manufactures fluorochemicals, including fluoropolymers, refrigerants and other materials used in industrial and consumer applications.