Zacks Investment Research lowered shares of DAIKIN INDUSTRI/ADR (OTCMKTS:DKILY) from a hold rating to a sell rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “DAIKIN INDUSTRIES, LTD. manufactures air conditioning equipment for household and commercial use. The company also operates chemical, oil hydraulics, defense system and electronics businesses. It operates primarily in Japan, Asia and Oceania, Europe, the United States, China and internationally. DAIKIN INDUSTRIES, LTD. is headquartered in Osaka, Japan. “

OTCMKTS:DKILY opened at $11.89 on Tuesday. The company has a market cap of $34.73 billion, a P/E ratio of 20.14, a PEG ratio of 2.07 and a beta of 0.69. The company has a quick ratio of 1.38, a current ratio of 2.00 and a debt-to-equity ratio of 0.26. DAIKIN INDUSTRI/ADR has a 1-year low of $9.96 and a 1-year high of $13.98.

About DAIKIN INDUSTRI/ADR

Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products. Its air-conditioning products include room air-conditioning systems, air purifiers, heat-pump hot-water-supply and room-heating systems, packaged air-conditioning systems, multiple air-conditioning systems for office buildings, air-conditioning systems for facilities and plants, absorption refrigerators, freezers, water chillers, turbo refrigerator equipment, air-handling units, air filters, industrial dust collectors, and marine-type container refrigeration systems.

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