Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Up – Still a Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $9.94, but opened at $10.62. Daiwa Securities Group shares last traded at $10.62, with a volume of 12,413 shares changing hands.

Daiwa Securities Group Stock Performance

The business has a 50-day simple moving average of $9.68 and a 200 day simple moving average of $9.66. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $14.59 billion, a PE ratio of 12.42 and a beta of 0.49.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $2.46 billion for 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%.

Daiwa Securities Group Company Profile

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.