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Daiwa House Industry (OTCMKTS:DWAHY) Sees Large Volume Increase - Here's Why

Daiwa House Industry logo with Real Estate background

Shares of Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 64,763 shares changed hands during mid-day trading, an increase of 164% from the previous session's volume of 24,490 shares.The stock last traded at $32.65 and had previously closed at $33.31.

Daiwa House Industry Price Performance

The company's 50-day simple moving average is $33.87 and its 200-day simple moving average is $33.38. The stock has a market capitalization of $21.94 billion, a P/E ratio of 9.87 and a beta of 0.49.

Daiwa House Industry (OTCMKTS:DWAHY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.83. The firm had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $9.71 billion.

About Daiwa House Industry

(Get Free Report)

Daiwa House Industry Co, Ltd. engages in the construction contracts business in Japan and internationally. It operates through six segments: Detached Houses, Rental Housing, Condominiums, Commercial Facilities, Business Facilities, and Environmental Energy. The Detached Houses segment engages in custom-ordered housing and sales of detached houses and lots.

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