Daiwa House Industry (OTCMKTS:DWAHY) Shares Gap Down - What's Next?

Key Points

• Daiwa House Industry Co., Ltd. shares gapped down from a closing price of $34.00 to an opening price of $32.36, last trading at $33.46.
• The company reported quarterly earnings of $0.84 per share, exceeding analysts' expectations, although revenue of $8.76 billion fell short of the $8.93 billion forecast.
• Daiwa House operates in multiple construction segments, including Detached Houses, Rental Housing, and Commercial Facilities, contributing to its market capitalization of approximately $21.99 billion.

Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $34.00, but opened at $32.36. Daiwa House Industry shares last traded at $33.46, with a volume of 279 shares traded.

Daiwa House Industry Stock Down 1.9%

The firm's 50-day simple moving average is $35.94 and its 200-day simple moving average is $34.83. The firm has a market capitalization of $21.99 billion, a PE ratio of 10.10 and a beta of 0.44.

Daiwa House Industry (OTCMKTS:DWAHY - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $8.76 billion during 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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