Daikin Industries (OTCMKTS:DKILY) Shares Gap Down - Time to Sell?

Key Points

• Daikin Industries' stock price gapped down from $13.60 to $13.07 before the market opened, with last trading at $13.55.
• The company reported an earnings per share (EPS) of $0.19 for the last quarter, exceeding analysts' expectations of $0.16.
• Daikin Industries has a market capitalization of $39.95 billion and a price-to-earnings ratio of 21.30.

Daikin Industries (OTCMKTS:DKILY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $13.60, but opened at $13.07. Daikin Industries shares last traded at $13.55, with a volume of 56,821 shares trading hands.

Daikin Industries Stock Up 0.5%

The business has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $11.51. The stock has a market capitalization of $39.48 billion, a P/E ratio of 21.05, a PEG ratio of 2.35 and a beta of 0.98. The company has a quick ratio of 1.17, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

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 for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Daikin Industries had a return on equity of 9.66% and a net margin of 6.02%. The firm had revenue of $8.24 billion for the quarter, compared to analysts' expectations of $1,253.30 billion. Equities research analysts forecast that Daikin Industries will post 0.56 earnings per share for the current fiscal year.

Daikin Industries Company Profile

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.