Daikin Industries (OTCMKTS:DKILY) Trading 0.2% Higher – Still a Buy?

Daikin Industries (OTCMKTS:DKILY) shares traded up 0.2% on Tuesday . The stock traded as high as $13.13 and last traded at $13.03. Approximately 224,993 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 295,414 shares. The stock had previously closed at $13.00.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered shares of Daikin Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Daikin Industries Stock Performance

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 $38.19 billion, a PE ratio of 21.36, a PEG ratio of 1.43 and a beta of 0.94. The business has a 50 day simple moving average of $14.54 and a 200 day simple moving average of $13.81.

Daikin Industries (OTCMKTS:DKILY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Daikin Industries had a return on equity of 8.54% and a net margin of 5.24%.The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.41 billion. Equities research analysts predict that Daikin Industries will post 0.65 EPS for the current fiscal year.

Daikin Industries Company Profile

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.