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

Daikin Industries (OTCMKTS:DKILY)’s share price 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 Trading Down 1.3%

The company has a market cap of $40.02 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 2.58 and a beta of 0.87. The firm has a 50-day moving average of $12.46 and a 200 day moving average of $12.37. 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 posted its quarterly earnings results 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). Daikin Industries had a return on equity of 9.00% and a net margin of 5.69%.The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $1,153.92 billion. On average, analysts predict that Daikin Industries will post 0.56 earnings per share 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.