Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Down – What’s Next?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) gapped down prior to trading 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 trading hands.

Daiwa Securities Group Stock Down 2.0%

The firm’s 50-day simple moving average is $11.56 and its 200 day simple moving average is $10.55. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.10 and a current ratio of 1.10. The company 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 issued its earnings results on Monday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations 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.