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

Key Points

• Daiwa House Industry shares gapped down from $34.24 to $32.92 in pre-market trading, before closing at $35.29 with low trading volume of 53 shares.
• The company's latest earnings report showed earnings per share (EPS) of $1.31, significantly beating analyst estimates of $0.48, along with revenues of $10.02 billion exceeding expectations of $9.71 billion.
• With a market capitalization of $22.80 billion, Daiwa House Industry has a price-to-earnings ratio of 10.26, and its stock displays a relatively low beta of 0.52.

Shares of Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $34.24, but opened at $32.92. Daiwa House Industry shares last traded at $35.29, with a volume of 53 shares traded.

Daiwa House Industry Price Performance

The business has a 50 day moving average of $33.79 and a 200 day moving average of $33.72. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 10.65 and a beta of 0.52.

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

Daiwa House Industry Company Profile

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.