Daikin Industries (OTCMKTS:DKILY) Shares Up 0.2% – Still a Buy?

Daikin Industries (OTCMKTS:DKILY) shares shot up 0.2% on Tuesday . The company traded as high as $13.13 and last traded at $13.03. Approximately 224,993 shares were traded during trading, a decline of 24% from the average daily volume of 295,414 shares. The stock had previously closed at $13.00.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered Daikin Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Daikin Industries Trading Up 0.2%

The stock has a 50-day moving average of $14.54 and a 200 day moving average of $13.81. The stock has a market cap of $38.19 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94. The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.18.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Daikin Industries had a net margin of 5.24% and a return on equity of 8.54%. The company had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.41 billion. As a group, sell-side analysts anticipate that Daikin Industries will post 0.65 earnings per share for the current 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.