Daiwa Securities Group (OTCMKTS:DSEEY) Now Covered by Zacks Research

Research analysts at Zacks Research started coverage on shares of Daiwa Securities Group (OTCMKTS:DSEEY) in a report issued on Thursday, Zacks reports. The brokerage set a “hold” rating on the financial services provider’s stock.

Daiwa Securities Group Stock Down 2.0%

Shares of OTCMKTS:DSEEY opened at $10.51 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 12.14 and a beta of 0.59. The company has a 50 day moving average of $11.36 and a 200-day moving average of $10.46. Daiwa Securities Group has a one year low of $7.78 and a one year high of $12.58.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings results on Friday, October 30th. The financial services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Daiwa Securities Group had a net margin of 12.51% and a return on equity of 9.31%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $1.37 billion. On average, sell-side analysts forecast that Daiwa Securities Group will post 0.99 earnings per share for the current year.

About Daiwa Securities Group

Daiwa Securities Group Inc is a Japanese financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides securities and investment services to individual, corporate and institutional clients, with activities spanning brokerage, investment banking, asset management and wealth management.

The group’s businesses include retail securities brokerage, equity and fixed-income underwriting, mergers and acquisitions advisory, sales and trading, research, and investment management.