Daiwa Securities Group (OTCMKTS:DSEEY) Trading Up 7.5% – Time to Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) shares traded up 7.5% during trading on Wednesday . The company traded as high as $9.49 and last traded at $9.49. 805 shares were traded during mid-day trading, a decline of 96% from the average session volume of 18,547 shares. The stock had previously closed at $8.83.

Daiwa Securities Group Stock Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s fifty day moving average price is $9.63 and its 200-day moving average price is $9.15. The company has a market capitalization of $13.02 billion, a P/E ratio of 11.08 and a beta of 0.54.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Daiwa Securities Group had a return on equity of 7.36% and a net margin of 11.91%.

About Daiwa Securities Group

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.