Daiwa Securities Group (OTCMKTS:DSEEY) Reaches New 52-Week High – Here’s Why

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $12.01 and last traded at $11.58, with a volume of 21470 shares. The stock had previously closed at $11.24.

Daiwa Securities Group Stock Down 3.5%

The business’s 50 day simple moving average is $10.04 and its 200 day simple moving average is $9.82. The company has a market capitalization of $15.73 billion, a PE ratio of 13.40 and a beta of 0.49. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.44.

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

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.