Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Up – Still a Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) gapped up before the market opened on Tuesday. The stock had previously closed at $10.47, but opened at $11.1610. Daiwa Securities Group shares last traded at $11.0260, with a volume of 1,270 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research initiated coverage on shares of Daiwa Securities Group in a research note on Thursday, November 5th. They issued a “hold” rating on the stock. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Daiwa Securities Group Stock Performance

The stock’s 50-day moving average is $11.35 and its 200 day moving average is $10.47. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 11.71 and a beta of 0.59. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.10 and a quick ratio of 1.10.

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

Daiwa Securities Group Company Profile

Daiwa Securities Group Inc. is a Japan-based financial services holding company whose principal business is securities and investment services. Its offerings include brokerage and investment advice for individual and corporate clients, as well as services for institutional investors. The group’s businesses also include investment banking, such as securities underwriting and financial advisory services, along with asset management and investment activities. It serves clients in Japan and through operations in international markets.