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

Daikin Industries (OTCMKTS:DKILY) gapped up before the market opened on Wednesday . The stock had previously closed at $13.29, but opened at $13.94. Daikin Industries shares last traded at $13.45, with a volume of 43,389 shares.

Daikin Industries Trading Down 0.7%

The firm has a market capitalization of $39.25 billion, a PE ratio of 20.92, a P/E/G ratio of 2.37 and a beta of 0.98. The company has a quick ratio of 1.17, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average price is $12.40 and its 200 day moving average price is $11.56.

Daikin Industries (OTCMKTS:DKILY) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $1,253.30 billion. Daikin Industries had a net margin of 6.02% and a return on equity of 9.66%. As a group, analysts expect that Daikin Industries will post 0.56 EPS for the current fiscal 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.