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

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $11.07, but opened at $11.6113. Daiwa Securities Group shares last traded at $11.61, with a volume of 1,228 shares.

Daiwa Securities Group Trading Down 0.6%

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’s fifty day simple moving average is $10.00 and its 200-day simple moving average is $9.81. The company has a market capitalization of $16.30 billion, a P/E ratio of 13.88 and a beta of 0.49.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Daiwa Securities Group had a net margin of 11.91% and a return on equity of 7.36%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.40 billion.

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.