Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Up – Here’s What Happened

Daiwa Securities Group Inc. (OTCMKTS:DSEEY – Get Free Report) gapped up prior to trading on Tuesday. The stock had previously closed at $10.47, but opened at $11.1610. Daiwa Securities Group shares last traded at $11.0260, with a volume of 1,270 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research began coverage on Daiwa Securities Group in a research note on Thursday, November 5th. They set a “hold” rating on the stock. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

View Our Latest Report on DSEEY

Daiwa Securities Group Stock Down 0.4%

The business’s fifty day moving average price is $11.35 and its 200 day moving average price is $10.47. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $15.41 billion, a PE ratio of 11.71 and a beta of 0.59.

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

About Daiwa Securities Group

(Get Free Report)

Daiwa Securities Group Inc. is a Japan-based financial services holding company whose principal business is securities and investment services. Its offerings include brokerage and investment advice for individual and corporate clients, as well as services for institutional investors. The group’s businesses also include investment banking, such as securities underwriting and financial advisory services, along with asset management and investment activities. It serves clients in Japan and through operations in international markets.

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