Daikin Industries (OTCMKTS:DKILY) Shares Gap Down – What’s Next?

Daikin Industries (OTCMKTS:DKILY) shares 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 trading hands.

Daikin Industries Stock Down 2.5%

The business’s fifty day simple moving average is $13.50 and its two-hundred day simple moving average is $13.94. The company has a market cap of $38.46 billion, a PE ratio of 21.51, a PEG ratio of 1.46 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.05.

Daikin Industries (OTCMKTS:DKILY) last posted its earnings results on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.41 billion. Daikin Industries had a return on equity of 8.73% and a net margin of 5.24%. On average, analysts predict 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, 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.