Daikin Industries,Ltd. (OTCMKTS:DKILY) Downgraded by The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Daikin Industries,Ltd. (OTCMKTS:DKILY) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

Daikin Industries,Ltd. Trading Up 1.8 %

OTCMKTS:DKILY opened at $11.94 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.65 and a quick ratio of 0.98. The business’s 50-day simple moving average is $13.80 and its 200-day simple moving average is $14.04. Daikin Industries,Ltd. has a fifty-two week low of $11.16 and a fifty-two week high of $17.95. The stock has a market capitalization of $35.00 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.14 earnings per share for the quarter. Daikin Industries,Ltd. had a net margin of 5.95% and a return on equity of 9.09%. The firm had revenue of $8.02 billion for the quarter, compared to analyst estimates of $7.82 billion. Sell-side analysts expect that Daikin Industries,Ltd. will post 0.61 earnings per share for the current fiscal year.

About Daikin Industries,Ltd.

Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally. The company's air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifiers; heat-pump hot-water supply and room-heating systems; packaged air-conditioning systems; multiple air-conditioning systems for office buildings; air-conditioning systems for facilities and plants; heat reclaim ventilators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases.