Daiwa Securities Group (OTCMKTS:DSEEY) Coverage Initiated by Analysts at Zacks Research

Zacks Research began coverage on shares of Daiwa Securities Group (OTCMKTS:DSEEY) in a research report report published on Thursday,Zacks reports. The brokerage issued a hold rating on the financial services provider’s stock.

Daiwa Securities Group Trading Down 2.0%

Shares of OTCMKTS:DSEEY traded down $0.21 during midday trading on Thursday, reaching $10.51. The company had a trading volume of 26,884 shares, compared to its average volume of 33,363. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.10 and a current ratio of 1.10. Daiwa Securities Group has a 1-year low of $7.78 and a 1-year high of $12.58. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 11.30 and a beta of 0.59. The company has a fifty day simple moving average of $11.36 and a two-hundred day simple moving average of $10.46.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings data on Friday, October 30th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Daiwa Securities Group had a return on equity of 9.31% and a net margin of 12.51%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $1.37 billion. Research analysts predict that Daiwa Securities Group will post 0.99 earnings per share for the current year.

About Daiwa Securities Group

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.