Daiwa Securities Group (OTCMKTS:DSEEY) Sets New 52-Week High – Here’s Why

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $12.38 and last traded at $12.03, with a volume of 22668 shares traded. The stock had previously closed at $12.11.

Daiwa Securities Group Price Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.10 and a current ratio of 1.10. The company has a 50-day moving average of $11.31 and a 200-day moving average of $10.25. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 12.94 and a beta of 0.48.

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

About Daiwa Securities Group

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.