Daikin Industries (OTCMKTS:DKILY) Shares Gap Down – Here’s Why

Daikin Industries (OTCMKTS:DKILY) gapped down before the market opened on Tuesday . The stock had previously closed at $15.11, but opened at $14.55. Daikin Industries shares last traded at $14.61, with a volume of 6,004 shares traded.

Daikin Industries Price Performance

The company has a quick ratio of 1.23, a current ratio of 1.95 and a debt-to-equity ratio of 0.14. The firm’s 50 day simple moving average is $13.64 and its 200 day simple moving average is $12.93. The company has a market capitalization of $43.35 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.61 and a beta of 0.96.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $7.82 billion. Daikin Industries had a net margin of 5.51% and a return on equity of 9.10%. As a group, research analysts anticipate that Daikin Industries will post 0.65 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.