Daiwa Securities Group (OTCMKTS:DSEEY) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Daiwa Securities Group Inc. (OTCMKTS:DSEEY) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $11.53 and traded as high as $12.2050. Daiwa Securities Group shares last traded at $11.71, with a volume of 18,684 shares traded.

Daiwa Securities Group Stock Performance

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 market capitalization of $16.81 billion, a P/E ratio of 12.77 and a beta of 0.48. The company’s 50 day moving average is $11.53 and its 200-day moving average is $10.39.

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 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 analyst estimates 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 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.