DAIKIN INDUSTRI/ADR (OTCMKTS:DKILY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of DAIKIN INDUSTRI/ADR (OTCMKTS:DKILY) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “DAIKIN INDUSTRIES, LTD. manufactures air conditioning equipment for household and commercial use. The company also operates chemical, oil hydraulics, defense system and electronics businesses. It operates primarily in Japan, Asia and Oceania, Europe, the United States, China and internationally. DAIKIN INDUSTRIES, LTD. is headquartered in Osaka, Japan. “

Shares of OTCMKTS DKILY opened at $12.35 on Tuesday. DAIKIN INDUSTRI/ADR has a 1-year low of $9.96 and a 1-year high of $13.98. The company has a market cap of $36.08 billion, a PE ratio of 20.93, a P/E/G ratio of 2.11 and a beta of 0.77. The company has a current ratio of 1.71, a quick ratio of 1.15 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $12.65 and a two-hundred day moving average of $12.17.

About DAIKIN INDUSTRI/ADR

Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products. Its air-conditioning 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, absorption refrigerators, freezers, water chillers, turbo refrigerator equipment, air-handling units, air filters, industrial dust collectors, and marine-type container refrigeration systems.

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