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

Shares of Daikin Industries (OTCMKTS:DKILY) gapped up before the market opened 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 Trading Up 3.6%

The company has a market cap of $38.70 billion, a P/E ratio of 21.30, a PEG ratio of 2.66 and a beta of 0.88. The firm’s 50 day moving average is $12.50 and its two-hundred day moving average is $12.41. The company has a quick ratio of 1.23, a current ratio of 1.95 and a debt-to-equity ratio of 0.14.

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