Daiwa Securities Group (OTCMKTS:DSEEY) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Daiwa Securities Group Inc. (OTCMKTS:DSEEY) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.69 and traded as high as $11.6690. Daiwa Securities Group shares last traded at $11.31, with a volume of 15,811 shares traded.

Daiwa Securities Group Stock Performance

The stock has a market capitalization of $16.31 billion, a PE ratio of 12.40 and a beta of 0.49. The firm’s fifty day moving average is $10.73 and its 200-day moving average is $10.08. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.44.

Daiwa Securities Group (OTCMKTS:DSEEY) last released its quarterly earnings results on Monday, August 3rd. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.34 billion.

About Daiwa Securities Group

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.