Daiwa Securities Group (OTCMKTS:DSEEY) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.20 and traded as high as $8.90. Daiwa Securities Group shares last traded at $8.90, with a volume of 4,178 shares changing hands.

Daiwa Securities Group Price Performance

The company has a market capitalization of $12.94 billion, a P/E ratio of 12.62 and a beta of 0.51. The stock’s fifty day simple moving average is $8.23 and its 200-day simple moving average is $7.75. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.10 and a quick ratio of 1.10.

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

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.