Daikin Industries (OTCMKTS:DKILY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Daikin Industries (OTCMKTS:DKILY) saw strong trading volume on Monday . 294,236 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 237,990 shares.The stock last traded at $12.4750 and had previously closed at $12.49.

Daikin Industries Trading Down 0.5%

The firm has a market cap of $36.43 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.29 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.24 and a current ratio of 1.98. The firm has a 50 day simple moving average of $12.63 and a 200 day simple moving average of $12.45.

Daikin Industries (OTCMKTS:DKILY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Daikin Industries had a net margin of 5.80% and a return on equity of 9.16%. The company had revenue of $8.25 billion during the quarter, compared to analyst estimates of $1,253.56 billion. On average, equities research analysts predict that Daikin Industries will post 0.56 EPS for the current fiscal year.

About Daikin Industries

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.