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

Shares of Daikin Industries (OTCMKTS:DKILY) gapped up prior to trading on Friday. The stock had previously closed at $13.06, but opened at $13.55. Daikin Industries shares last traded at $13.31, with a volume of 2,181 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered shares of Daikin Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Daikin Industries Stock Up 1.0%

The company has a market cap of $38.66 billion, a P/E ratio of 21.62, a P/E/G ratio of 1.47 and a beta of 0.90. The stock has a 50-day moving average of $13.64 and a two-hundred day moving average of $13.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.05 and a current ratio of 1.62.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Daikin Industries had a net margin of 5.24% and a return on equity of 8.73%. The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.41 billion. On average, research analysts anticipate that Daikin Industries will post 0.65 EPS 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 and commercial air conditioners, heat pumps, air purifiers, chillers, refrigeration systems and related controls. The company serves homeowners, businesses, building operators and industrial customers.

Daikin also operates a fluorochemicals business that develops refrigerants, fluoropolymers and other chemical products used in applications such as electronics, automotive components, industrial equipment and construction materials.