Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Up – Still a Buy?

Shares of Daiwa Securities Group Inc. (OTCMKTS:DSEEY) gapped up before the market opened on Monday . The stock had previously closed at $8.16, but opened at $8.45. Daiwa Securities Group shares last traded at $8.45, with a volume of 23,023 shares.

Daiwa Securities Group Trading Down 3.5%

The business has a 50 day simple moving average of $7.99 and a 200-day simple moving average of $7.54. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 11.31 and a beta of 0.51. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 1.12.

Daiwa Securities Group (OTCMKTS:DSEEY) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). Daiwa Securities Group had a net margin of 11.23% and a return on equity of 7.06%. The business had revenue of $2.44 billion for the quarter.

Daiwa Securities Group Company Profile

Daiwa Securities Group Inc, together with its subsidiaries, primarily operates as a securities broker-dealer in Japan and internationally. The company operates through four segments: Retail, Wholesale, Asset Management, and Investment. The Retail segment offers products and services related to asset management, including equities, bonds, investment trusts, wrap account services, insurance, banking services, inheritance-related services, etc.