Daikin Industries (OTCMKTS:DKILY) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Daikin Industries (OTCMKTS:DKILY) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred 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 traded.

Daikin Industries Stock Up 0.1%

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 firm has a 50-day moving average of $13.31 and a 200 day moving average of $13.58. The stock has a market capitalization of $40.57 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.45 and a beta of 0.88.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.20 earnings per share for the quarter, topping 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 firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $8.58 billion. As a group, sell-side analysts forecast that Daikin Industries will post 0.66 earnings per share for the current fiscal year.

About Daikin Industries

Daikin Industries is a Japanese manufacturer specializing in heating, ventilation, air conditioning and refrigeration systems. Its products include residential and commercial air conditioners, heat pumps, chillers, refrigeration equipment and air purifiers, as well as related controls and services.

The company also produces fluorochemicals, including refrigerants and materials used in industrial applications, and offers oil-hydraulic equipment. Daikin was founded in Osaka in 1924 and has expanded from its Japanese manufacturing base into a global business.

Daikin serves customers in Japan and international markets across the Americas, Europe, Asia and other regions.