Daiwa Securities Group (OTCMKTS:DSEEY) Sees Strong Trading Volume – Still a Buy?

Shares of Daiwa Securities Group Inc. (OTCMKTS:DSEEY) saw strong trading volume on Monday . Approximately 35,512 shares were traded during trading, an increase of 23% from the previous session’s volume of 28,790 shares.The stock last traded at $11.65 and had previously closed at $11.80.

Daiwa Securities Group Stock Up 3.4%

The company has a market capitalization of $17.70 billion, a P/E ratio of 13.45 and a beta of 0.48. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.48. The firm has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $10.28.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its earnings results on Monday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Daiwa Securities Group had a return on equity of 8.39% and a net margin of 12.72%.

Daiwa Securities Group Company Profile

Daiwa Securities Group Inc is a Japan-based financial services holding company and the parent of Daiwa Securities and other businesses. The group provides investment and financial solutions to individual investors, corporations, financial institutions, governments and other institutional clients.

Its principal activities include retail securities brokerage, investment banking, underwriting and sales of equities and bonds, mergers and acquisitions advisory, institutional sales and trading, investment research, and asset management.