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

Daikin Industries (OTCMKTS:DKILY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $12.17, but opened at $11.88. Daikin Industries shares last traded at $12.20, with a volume of 19,121 shares changing hands.

Daikin Industries Stock Performance

The business's fifty day simple moving average is $11.32 and its 200-day simple moving average is $11.29. The firm has a market cap of $35.73 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The company has a current ratio of 1.85, a quick ratio of 1.17 and a debt-to-equity ratio of 0.19.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $1,163.53 billion. Daikin Industries had a return on equity of 9.00% and a net margin of 5.58%. As a group, sell-side analysts expect that Daikin Industries will post 0.56 earnings per share 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.