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

Daikin Industries (OTCMKTS:DKILY) shares gapped up before the market opened 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.

Wall Street Analysts Forecast Growth

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

Daikin Industries Price Performance

The stock has a market capitalization of $38.66 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 1.47 and a beta of 0.90. The business’s 50-day moving average price is $13.64 and its 200 day moving average price is $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 issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.41 billion. Daikin Industries had a return on equity of 8.73% and a net margin of 5.24%. Research analysts forecast that Daikin Industries will post 0.65 earnings per share for the current 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.