Daiwa House Industry (OTCMKTS:DWAHY) Shares Gap Down - Time to Sell?

Key Points

• Daiwa House Industry's shares gapped down from a previous close of $37.26 to open at $35.63, reflecting market volatility in trading.
• The company reported earnings per share of $0.84, which exceeded analysts' expectations of $0.81, but its revenue of $8.76 billion fell short of the forecast of $8.93 billion.
• Daiwa House operates in multiple segments, including Detached Houses, Rental Housing, and Commercial Facilities, providing various construction-related services both in Japan and internationally.

Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $37.26, but opened at $35.63. Daiwa House Industry shares last traded at $37.54, with a volume of 342 shares trading hands.

Daiwa House Industry Price Performance

The stock has a market cap of $24.54 billion, a PE ratio of 11.27 and a beta of 0.44. The business has a fifty day moving average of $34.81 and a 200-day moving average of $34.45.

Daiwa House Industry (OTCMKTS:DWAHY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.03. The company had revenue of $8.76 billion for the quarter, compared to analysts' expectations 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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