Daikin Industries (OTCMKTS:DKILY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Daikin Industries (OTCMKTS:DKILY) saw strong trading volume on Tuesday . 438,268 shares changed hands during trading, an increase of 37% from the previous session’s volume of 320,224 shares.The stock last traded at $13.11 and had previously closed at $13.38.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut Daikin Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Daikin Industries Trading Down 2.1%

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.05. The business’s 50-day moving average is $14.01 and its two-hundred day moving average is $13.87. The firm has a market cap of $38.40 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.49 and a beta of 0.90.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.41 billion. Daikin Industries had a net margin of 5.24% and a return on equity of 8.73%. As a group, analysts predict that Daikin Industries will post 0.65 earnings per share for the current fiscal year.

About Daikin Industries

Daikin Industries, Ltd. is a Japanese manufacturer specializing in heating, ventilation, air conditioning and refrigeration equipment. Its products include residential and commercial air conditioners, heat pumps, air purifiers, chillers, refrigeration systems and related controls. The company serves homeowners, businesses, building operators and industrial customers.

Daikin also operates a fluorochemicals business that develops refrigerants, fluoropolymers and other chemical products used in applications such as electronics, automotive components, industrial equipment and construction materials.