Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Up – Here’s What Happened

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) gapped up prior to trading on Wednesday . The stock had previously closed at $9.20, but opened at $9.60. Daiwa Securities Group shares last traded at $9.60, with a volume of 183 shares trading hands.

Daiwa Securities Group Stock Performance

The stock has a market capitalization of $13.19 billion, a PE ratio of 12.60 and a beta of 0.50. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.44. The stock has a fifty day moving average of $9.93 and a 200-day moving average of $8.82.

Daiwa Securities Group (OTCMKTS:DSEEY) last issued its quarterly earnings results on Monday, February 2nd. The financial services provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $1.70 billion. Daiwa Securities Group had a return on equity of 7.01% and a net margin of 10.93%.

Daiwa Securities Group Company Profile

Daiwa Securities Group Inc is a leading Japanese financial services firm established in 1902 and headquartered in Tokyo. Operating as a holding company, Daiwa oversees a network of subsidiaries active in securities brokerage, investment banking and asset management. With a history spanning over a century, the group has evolved to meet the changing needs of individual and institutional clients, building a reputation for comprehensive capital markets solutions.

The group’s core businesses include retail brokerage, offering equity, fixed income and mutual fund products to individual investors in Japan.