Daito Trust Construction (OTCMKTS:DIFTY) Shares Down 9.2% – Here’s What Happened

Daito Trust Construction Co., Ltd. (OTCMKTS:DIFTY)’s share price dropped 9.2% during mid-day trading on Thursday. The company traded as low as $4.73 and last traded at $4.73. 568 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 133,336 shares. The stock had previously closed at $5.21.

Daito Trust Construction Stock Performance

The stock’s 50-day simple moving average is $5.16 and its 200 day simple moving average is $5.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market capitalization of $7.20 billion, a PE ratio of 10.44 and a beta of 0.32.

Daito Trust Construction (OTCMKTS:DIFTY) last released its earnings results on Friday, July 31st. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $3.01 billion for the quarter.

Daito Trust Construction Company Profile

Daito Trust Construction Co, Ltd. is a Japanese company focused on construction, real estate, and property management. It develops and builds rental apartment buildings and other properties, primarily for landowners seeking to generate income from their real estate assets.

The company’s services extend beyond construction and include rental-property master leasing, tenant recruitment, leasing administration, building maintenance, and property management. Through its integrated model, Daito Trust Construction supports property owners throughout the development and operation of rental housing and related facilities.

Founded in Japan in 1974, the company serves customers primarily in the domestic Japanese market through its network of offices and group companies.