Daiwa House Industry (OTCMKTS:DWAHY) Trading Down 0.6% – Here’s Why

Shares of Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) dropped 0.6% during trading on Wednesday . The stock traded as low as $30.53 and last traded at $30.75. Approximately 26,570 shares were traded during trading, a decline of 47% from the average daily volume of 50,098 shares. The stock had previously closed at $30.93.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Daiwa House Industry to a “hold” rating in a report on Wednesday, August 28th.

Daiwa House Industry Stock Performance

The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 9.76 and a beta of 0.56. The company’s 50 day simple moving average is $30.75 and its two-hundred day simple moving average is $28.36.

Daiwa House Industry (OTCMKTS:DWAHY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.82 earnings per share for the quarter. The company had revenue of $8.26 billion during the quarter.

Daiwa House Industry Company Profile

Daiwa House Industry Co, Ltd. engages in the construction contracts business in Japan and internationally. It operates through six segments: Detached Houses, Rental Housing, Condominiums, Commercial Facilities, Business Facilities, and Environmental Energy. The Detached Houses segment engages in custom-ordered housing and sales of detached houses and lots.