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

Daikin Industries (OTCMKTS:DKILY – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 533,267 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 306,131 shares.The stock last traded at $13.5250 and had previously closed at $13.21.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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Daikin Industries Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 1.62. The firm has a market capitalization of $39.07 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.49 and a beta of 0.90. The firm’s 50 day moving average price is $14.10 and its 200-day moving average price is $13.87.

Daikin Industries (OTCMKTS:DKILY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.41 billion. Daikin Industries had a return on equity of 8.73% and a net margin of 5.24%. On average, research analysts expect that Daikin Industries will post 0.65 EPS for the current year.

About Daikin Industries

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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.

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