Daikin Industries (OTCMKTS:DKILY) Trading Down 1% - Here's Why

Key Points

• Daikin Industries saw its share price fall by 1% during mid-day trading, reaching a low of $11.31 and last trading at $11.46.
• The company's recent quarterly earnings report showed an EPS of $0.19, exceeding analysts' expectations of $0.16, with revenue totaling $8.24 billion for the quarter.
• Daikin currently holds a market cap of $33.59 billion with a P/E ratio of 17.91 and a strong current ratio of 1.86, indicating solid financial health.

Daikin Industries (OTCMKTS:DKILY - Get Free Report)'s share price fell 1% during mid-day trading on Wednesday . The company traded as low as $11.31 and last traded at $11.46. 369,077 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 463,403 shares. The stock had previously closed at $11.58.

Daikin Industries Stock Performance

The firm has a market cap of $33.59 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 1.97 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 business's fifty day simple moving average is $12.65 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, topping analysts' consensus estimates of $0.16 by $0.03. The business 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 expect that Daikin Industries will post 0.56 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.