Daiwa House Industry (OTCMKTS:DWAHY) Shares Gap Up – Here’s Why

Shares of Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) gapped up prior to trading on Friday . The stock had previously closed at $33.38, but opened at $34.65. Daiwa House Industry shares last traded at $33.3050, with a volume of 1,126 shares trading hands.

Daiwa House Industry Price Performance

The stock’s fifty day moving average price is $34.66 and its 200-day moving average price is $34.76. The firm has a market cap of $21.98 billion, a PE ratio of 9.89 and a beta of 0.35.

Daiwa House Industry (OTCMKTS:DWAHY) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.42. The business had revenue of $9.17 billion for the quarter, compared to analyst estimates of $8.83 billion.

Daiwa House Industry Company Profile

Daiwa House Industry Co, Ltd. is a major Japanese construction and real estate development company headquartered in Osaka, Japan. Founded in 1955, the company is best known as one of Japan’s largest homebuilders and a comprehensive provider of real estate solutions. Its core activities span the planning, design, construction and sale of detached houses, condominiums and rental housing, leveraging prefabrication and standardized building techniques to serve residential markets across Japan.

Beyond residential construction, Daiwa House operates broadly across commercial and industrial segments.