Daiwa Securities Group (OTCMKTS:DSEEY) Sees Large Volume Increase – What’s Next?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) shares saw unusually-strong trading volume on Wednesday . 355,357 shares changed hands during mid-day trading, an increase of 1,083% from the previous session’s volume of 30,031 shares.The stock last traded at $11.50 and had previously closed at $11.31.

Daiwa Securities Group Stock Up 1.9%

The company has a market cap of $16.30 billion, a price-to-earnings ratio of 12.39 and a beta of 0.49. The stock has a 50-day simple moving average of $10.69 and a 200-day simple moving average of $10.06. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.44.

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