Daikin Industries (OTCMKTS:DKILY) Trading Down 5.7% – What’s Next?

Shares of Daikin Industries (OTCMKTS:DKILY – Get Free Report) fell 5.7% on Tuesday . The stock traded as low as $13.7850 and last traded at $13.87. Approximately 57,552 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 303,969 shares. The stock had previously closed at $14.71.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded shares of 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 data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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View Our Latest Stock Analysis on DKILY

Daikin Industries Stock Down 3.9%

The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $41.45 billion, a P/E ratio of 22.81, a PEG ratio of 1.60 and a beta of 0.94. The firm has a 50-day moving average price of $14.89 and a two-hundred day moving average price of $13.67.

Daikin Industries (OTCMKTS:DKILY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Daikin Industries had a net margin of 5.51% and a return on equity of 8.95%. Equities research analysts anticipate that Daikin Industries will post 0.65 EPS for the current fiscal year.

About Daikin Industries

(Get Free Report)

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.

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