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Daikin Industries (OTCMKTS:DKILY) Shares Gap Down - Here's What Happened

Daikin Industries logo with Computer and Technology background

Key Points

  • Daikin Industries' shares opened at $11.51 after a gap down from the previous close of $11.80, with a subsequent trade at $11.62.
  • The company reported $0.19 earnings per share (EPS) for the latest quarter, exceeding the consensus estimate of $0.16 by $0.03.
  • Daikin Industries has a market cap of $33.85 billion and maintains a debt-to-equity ratio of 0.14, indicating a strong balance sheet.
  • Interested in Daikin Industries? Here are five stocks we like better.

Shares of Daikin Industries (OTCMKTS:DKILY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $11.80, but opened at $11.51. Daikin Industries shares last traded at $11.62, with a volume of 92,471 shares.

Daikin Industries Stock Performance

The firm has a market cap of $33.85 billion, a PE ratio of 18.05, a PEG ratio of 1.96 and a beta of 0.97. 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 firm's 50 day simple moving average is $12.57 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 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $8.24 billion for the quarter, compared to analysts' expectations of $1,253.30 billion. Daikin Industries had a net margin of 6.02% and a return on equity of 9.53%. On average, research analysts forecast that Daikin Industries will post 0.56 EPS for the current fiscal year.

About Daikin Industries

(Get Free Report)

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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