Daikin Industries (OTCMKTS:DKILY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Daikin Industries experienced a significant 254% increase in trading volume on Tuesday, with 1,589,720 shares traded, compared to 449,611 shares in the previous session.
• The company's latest earnings report showed earnings per share (EPS) of $0.19, surpassing estimates by $0.03, along with a revenue of $8.24 billion, compared to expectations of $1,253.30 billion.
• Daikin Industries has a market cap of $33.94 billion and a P/E ratio of 18.09, indicating its position in the market and potential for investors.

Shares of Daikin Industries (OTCMKTS:DKILY - Get Free Report) saw an uptick in trading volume on Tuesday . 1,589,720 shares traded hands during mid-day trading, an increase of 254% from the previous session's volume of 449,611 shares.The stock last traded at $11.56 and had previously closed at $11.68.

Daikin Industries Price Performance

The stock has a market cap of $33.94 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The company's fifty day simple moving average is $12.68 and its 200-day simple moving average is $11.81.

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

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