Daikin Industries (OTCMKTS:DKILY) Sees Large Volume Increase - Still a Buy?

Key Points

• Daikin Industries experienced a significant increase in trading volume, with 1,018,737 shares traded, marking a 134% rise from the previous session.
• The company's recent earnings report showed an EPS of $0.19, surpassing analysts' estimates of $0.16, and revenue of $8.24 billion for the quarter.
• Daikin Industries has a market cap of $35.91 billion and notable financial metrics including a P/E ratio of 19.14 and a debt-to-equity ratio of 0.14.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 1,018,737 shares traded hands during trading, an increase of 134% from the previous session's volume of 434,735 shares.The stock last traded at $12.31 and had previously closed at $12.52.

Daikin Industries Price Performance

The company has a 50-day moving average of $12.75 and a two-hundred day moving average of $11.77. The stock has a market capitalization of $35.00 billion, a PE ratio of 18.66, a P/E/G ratio of 2.03 and a beta of 0.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.86 and a quick ratio of 1.16.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Daikin Industries had a return on equity of 9.53% and a net margin of 6.02%.The firm had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $1,253.30 billion. Sell-side analysts predict that Daikin Industries will post 0.56 EPS for the current fiscal year.

About Daikin Industries

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.