Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Up – Time to Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $11.75, but opened at $12.0950. Daiwa Securities Group shares last traded at $12.1050, with a volume of 14,434 shares.

Daiwa Securities Group Trading Up 2.5%

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $11.41 and a two-hundred day moving average price of $10.28. The stock has a market cap of $17.12 billion, a P/E ratio of 13.01 and a beta of 0.48.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings data on Monday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Daiwa Securities Group had a return on equity of 8.39% and a net margin of 12.72%.

Daiwa Securities Group Company Profile

Daiwa Securities Group Inc is a Japan-based financial services holding company and the parent of Daiwa Securities and other businesses. The group provides investment and financial solutions to individual investors, corporations, financial institutions, governments and other institutional clients.

Its principal activities include retail securities brokerage, investment banking, underwriting and sales of equities and bonds, mergers and acquisitions advisory, institutional sales and trading, investment research, and asset management.