Daiwa Securities Group (OTCMKTS:DSEEY) Sees Strong Trading Volume – Still a Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) shares saw unusually-high trading volume on Tuesday . Approximately 39,123 shares traded hands during mid-day trading, an increase of 309% from the previous session’s volume of 9,574 shares.The stock last traded at $8.69 and had previously closed at $8.87.

Daiwa Securities Group Stock Performance

The stock has a market cap of $12.21 billion, a P/E ratio of 11.90 and a beta of 0.51. The stock has a fifty day simple moving average of $8.09 and a 200-day simple moving average of $7.66. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.52.

Daiwa Securities Group (OTCMKTS:DSEEY) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Daiwa Securities Group had a net margin of 11.23% and a return on equity of 7.00%. The firm had revenue of $2.44 billion during the quarter.

About Daiwa Securities Group

Daiwa Securities Group Inc, together with its subsidiaries, primarily operates as a securities broker-dealer in Japan and internationally. The company operates through four segments: Retail, Wholesale, Asset Management, and Investment. The Retail segment offers products and services related to asset management, including equities, bonds, investment trusts, wrap account services, insurance, banking services, inheritance-related services, etc.