Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Down on Disappointing Earnings

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s share price gapped down before the market opened on Monday following a dissappointing earnings announcement. The stock had previously closed at $11.28, but opened at $10.49. Daiwa Securities Group shares last traded at $10.49, with a volume of 8,639 shares.

The financial services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm 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%.

Daiwa Securities Group Stock Down 7.0%

The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 11.28 and a beta of 0.52. The business’s 50-day moving average is $11.43 and its two-hundred day moving average is $10.43. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.48.

Daiwa Securities Group Company Profile

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.