Daikin Industries (OTCMKTS:DKILY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Daikin Industries (OTCMKTS:DKILY – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $13.57 and traded as high as $14.00. Daikin Industries shares last traded at $13.7535, with a volume of 216,358 shares.

Daikin Industries Stock Up 3.5%

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 stock has a market capitalization of $40.31 billion, a P/E ratio of 22.55, a PEG ratio of 1.47 and a beta of 0.88. The stock’s fifty day moving average is $13.29 and its two-hundred day moving average is $13.57.

Daikin Industries (OTCMKTS:DKILY – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Daikin Industries had a return on equity of 8.73% and a net margin of 5.24%. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $8.58 billion. As a group, research analysts predict that Daikin Industries will post 0.65 earnings per share for the current fiscal year.

Daikin Industries Company Profile

(Get Free Report)

Daikin Industries, Ltd. is a Japan-based manufacturer specializing in heating, ventilation, air conditioning and refrigeration systems. The company offers residential, commercial and industrial air-conditioning equipment, heat pumps, chillers, refrigeration systems, air purifiers and related controls and services.

Daikin also operates a chemicals business that produces fluorinated materials and other specialty chemical products used in applications such as automotive components, electronics, industrial equipment and energy-related products.

Recommended Stories

Receive News & Ratings for Daikin Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daikin Industries and related companies with MarketBeat.com's FREE daily email newsletter.