Daikin Industries (OTCMKTS:DKILY) Shares Gap Down – What’s Next?

Shares of Daikin Industries (OTCMKTS:DKILY) gapped down before the market opened on Friday . The stock had previously closed at $13.83, but opened at $13.05. Daikin Industries shares last traded at $13.66, with a volume of 18,967 shares traded.

Daikin Industries Stock Performance

The stock’s 50-day moving average is $12.50 and its 200-day moving average is $12.39. The firm has a market capitalization of $40.01 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 2.60 and a beta of 0.87. The company has a current ratio of 1.95, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14.

Daikin Industries (OTCMKTS:DKILY) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $1,153.92 billion. Daikin Industries had a return on equity of 9.00% and a net margin of 5.69%. On average, analysts predict that Daikin Industries will post 0.56 EPS for the current fiscal year.

Daikin Industries Company Profile

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.