Daikin Industries (OTCMKTS:DKILY) Shares Gap Down – Time to Sell?

Daikin Industries (OTCMKTS:DKILY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $15.11, but opened at $14.55. Daikin Industries shares last traded at $14.61, with a volume of 6,004 shares.

Daikin Industries Price Performance

The business has a fifty day moving average of $13.53 and a 200-day moving average of $12.89. The firm has a market cap of $42.82 billion, a PE ratio of 23.56, a PEG ratio of 1.67 and a beta of 0.96. 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 issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Daikin Industries had a return on equity of 9.10% and a net margin of 5.51%. As a group, research analysts predict that Daikin Industries will post 0.65 earnings per share for the current 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.