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

Key Points

• Daiwa House Industry shares gapped down from a previous close of $36.25 to open at $35.00, with only 2 shares traded at that price.
• The company's latest quarterly earnings report showed an Earnings Per Share (EPS) of $0.84, surpassing analyst expectations of $0.81, although revenue fell short at $8.76 billion against estimates of $8.93 billion.
• Daiwa House operates in various segments including Detached Houses, Rental Housing, and Environmental Energy, focusing on construction contracts in Japan and internationally.

Shares of Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $36.25, but opened at $35.00. Daiwa House Industry shares last traded at $35.00, with a volume of 2 shares trading hands.

Daiwa House Industry Stock Performance

The company has a market cap of $24.02 billion, a P/E ratio of 11.04 and a beta of 0.52. The stock has a 50-day moving average of $34.29 and a two-hundred day moving average of $34.13.

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