Zacks Research Initiates Coverage on Daiwa Securities Group (OTCMKTS:DSEEY)

Research analysts at Zacks Research started coverage on shares of Daiwa Securities Group (OTCMKTS:DSEEY) in a research report issued on Thursday, Zacks reports. The firm set a “hold” rating on the financial services provider’s stock.

Daiwa Securities Group Stock Down 2.0%

DSEEY stock opened at $10.51 on Thursday. Daiwa Securities Group has a fifty-two week low of $7.78 and a fifty-two week high of $12.58. The stock’s 50 day simple moving average is $11.36 and its 200 day simple moving average is $10.46. The company has a market cap of $14.87 billion, a P/E ratio of 12.14 and a beta of 0.59. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.10 and a current ratio of 1.10.

Daiwa Securities Group (OTCMKTS:DSEEY) last issued its quarterly earnings data on Friday, October 30th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Daiwa Securities Group had a net margin of 12.51% and a return on equity of 9.31%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, research analysts expect that Daiwa Securities Group will post 0.99 earnings per share for the current fiscal year.

Daiwa Securities Group Company Profile

Daiwa Securities Group Inc is a Japanese financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides securities and investment services to individual, corporate and institutional clients, with activities spanning brokerage, investment banking, asset management and wealth management.

The group’s businesses include retail securities brokerage, equity and fixed-income underwriting, mergers and acquisitions advisory, sales and trading, research, and investment management.