Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Down – Here’s Why

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) shares gapped down before the market opened on Friday. The stock had previously closed at $11.32, but opened at $10.94. Daiwa Securities Group shares last traded at $11.09, with a volume of 5,030 shares.

Daiwa Securities Group Trading Down 2.0%

The business’s 50-day moving average is $11.56 and its two-hundred day moving average is $10.55. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $15.69 billion, a P/E ratio of 11.92 and a beta of 0.52.

Daiwa Securities Group (OTCMKTS:DSEEY) last released its earnings results 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 business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $1.34 billion. Daiwa Securities Group had a return on equity of 8.39% and a net margin of 12.72%.

About Daiwa Securities Group

Daiwa Securities Group Inc is a Japanese financial services holding company headquartered in Tokyo. Founded in 1902, the group operates through subsidiaries that provide securities, investment banking, asset management and related financial services to individual, corporate and institutional clients.

Its businesses include retail brokerage, wealth management, equity and fixed-income trading, underwriting and advisory services, and investment management. The group also offers banking, research, asset servicing and other financial solutions, with services spanning public and private markets.

Daiwa Securities Group primarily serves clients in Japan while maintaining an international presence through subsidiaries and offices across Asia, Europe and the Americas.