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

Daiwa Securities Group Inc. (OTCMKTS:DSEEYGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $9.37, but opened at $10.0625. Daiwa Securities Group shares last traded at $10.0625, with a volume of 403 shares trading hands.

Daiwa Securities Group Price Performance

The company’s 50 day simple moving average is $9.89 and its 200 day simple moving average is $9.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $14.02 billion, a P/E ratio of 13.39 and a beta of 0.54.

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

Daiwa Securities Group Company Profile

(Get Free Report)

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.

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