Daiwa House Industry (OTCMKTS:DWAHY) Shares Gap Down - Here's Why

Key Points

• Daiwa House Industry shares gapped down from a closing price of $37.05 to $36.05 at market opening on Tuesday.
• The company reported a quarterly earnings per share (EPS) of $0.84, exceeding the consensus estimate of $0.81, despite revenue of $8.76 billion falling short of the $8.93 billion estimate.
• Daiwa House Industry has a market capitalization of $24.45 billion and a P/E ratio of 11.23, indicating its valuation within the market.

Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $37.05, but opened at $36.05. Daiwa House Industry shares last traded at $37.07, with a volume of 347 shares trading hands.

Daiwa House Industry Trading Up 0.1%

The stock's 50-day moving average price is $35.07 and its two-hundred day moving average price is $34.57. The stock has a market capitalization of $24.45 billion, a P/E ratio of 11.23 and a beta of 0.44.

Daiwa House Industry (OTCMKTS:DWAHY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.93 billion.

About Daiwa House Industry

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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