Daiwa House Industry (OTCMKTS:DWAHY) Shares Gap Up – Here’s Why

Shares of Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) gapped up prior to trading on Friday . The stock had previously closed at $34.22, but opened at $35.94. Daiwa House Industry shares last traded at $33.84, with a volume of 2,787 shares trading hands.

Daiwa House Industry Trading Down 1.6%

The company has a market cap of $22.20 billion, a P/E ratio of 10.23 and a beta of 0.36. The business has a 50 day moving average price of $33.63 and a 200-day moving average price of $34.53.

Daiwa House Industry (OTCMKTS:DWAHY) last released its earnings results on Thursday, November 13th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.18). The company had revenue of $8.65 billion for the quarter, compared to analyst estimates of $9.57 billion.

Daiwa House Industry Company Profile

Daiwa House Industry Co, Ltd. is a major Japanese construction and real estate development company headquartered in Osaka, Japan. Founded in 1955, the company is best known as one of Japan’s largest homebuilders and a comprehensive provider of real estate solutions. Its core activities span the planning, design, construction and sale of detached houses, condominiums and rental housing, leveraging prefabrication and standardized building techniques to serve residential markets across Japan.

Beyond residential construction, Daiwa House operates broadly across commercial and industrial segments.