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

Key Points

• Daikin Industries shares opened at $11.64, down from the previous close of $11.91, with a last traded price of $11.84.
• The company reported $0.19 EPS for the last quarter, exceeding analysts' expectations of $0.16, with a net margin of 6.02% on revenues of $8.24 billion.
• Daikin Industries has a market capitalization of $35.06 billion and a P/E ratio of 18.69, with a 50-day moving average of $12.27.

Daikin Industries (OTCMKTS:DKILY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $11.91, but opened at $11.64. Daikin Industries shares last traded at $11.84, with a volume of 4,965 shares trading hands.

Daikin Industries Trading Up 0.4%

The stock has a 50 day moving average of $12.27 and a 200-day moving average of $11.85. The company has a market capitalization of $35.06 billion, a P/E ratio of 18.69, a P/E/G ratio of 2.08 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.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. Daikin Industries had a return on equity of 9.53% and a net margin of 6.02%.The company had revenue of $8.24 billion for the quarter, compared to analysts' expectations of $1,253.30 billion. On average, research analysts predict 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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