Daiwa Securities Group (OTCMKTS:DSEEY) Hits New 52-Week High – Time to Buy?

Shares of Daiwa Securities Group Inc. (OTCMKTS:DSEEY) hit a new 52-week high during trading on Wednesday . The company traded as high as $12.38 and last traded at $12.03, with a volume of 22668 shares traded. The stock had previously closed at $12.11.

Daiwa Securities Group Trading Down 0.7%

The business’s 50-day moving average is $11.31 and its two-hundred day moving average is $10.25. 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 $17.02 billion, a P/E ratio of 12.94 and a beta of 0.48.

Daiwa Securities Group (OTCMKTS:DSEEY) last announced its quarterly earnings data on Monday, August 3rd. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Daiwa Securities Group had a return on equity of 8.46% and a net margin of 12.72%.The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $1.34 billion.

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.