Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Down – Should You Sell?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) gapped down before the market opened on Wednesday . The stock had previously closed at $9.8750, but opened at $9.55. Daiwa Securities Group shares last traded at $9.55, with a volume of 1,940 shares trading hands.

Daiwa Securities Group Stock Performance

The stock has a market capitalization of $13.61 billion, a PE ratio of 13.18 and a beta of 0.51. The business’s 50 day moving average is $8.80 and its 200 day moving average is $8.09. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.52.

Daiwa Securities Group (OTCMKTS:DSEEY) last issued its earnings results 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). Daiwa Securities Group had a return on equity of 7.00% and a net margin of 11.23%.The firm had revenue of $2.44 billion during the quarter.

Daiwa Securities Group Company Profile

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.