Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Up – Should You Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $11.03, but opened at $11.66. Daiwa Securities Group shares last traded at $11.2285, with a volume of 4,469 shares.

Daiwa Securities Group Trading Up 2.3%

The company has a market cap of $15.97 billion, a price-to-earnings ratio of 12.14 and a beta of 0.49. The business has a fifty day simple moving average of $10.89 and a 200 day simple moving average of $10.14. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.44.

Daiwa Securities Group (OTCMKTS:DSEEY) last announced its quarterly earnings results on Monday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Daiwa Securities Group had a net margin of 12.72% and a return on equity of 8.46%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $1.34 billion.

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.