Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Up – Time to Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $9.25, but opened at $9.8280. Daiwa Securities Group shares last traded at $10.1166, with a volume of 1,598 shares traded.

Daiwa Securities Group Stock Up 2.8%

The company has a debt-to-equity ratio of 1.52, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s 50 day moving average price is $8.93 and its two-hundred day moving average price is $8.17. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 13.67 and a beta of 0.51.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.13 EPS 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 7.00%. The company had revenue of $2.44 billion for the quarter.

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.