Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Down – Here’s Why

Daiwa Securities Group Inc. (OTCMKTS:DSEEYGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $12.19, but opened at $11.75. Daiwa Securities Group shares last traded at $11.83, with a volume of 898 shares changing hands.

Daiwa Securities Group Stock Performance

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 market capitalization of $16.58 billion, a P/E ratio of 12.60 and a beta of 0.48. The stock has a fifty day moving average of $11.49 and a 200-day moving average of $10.32.

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

About Daiwa Securities Group

(Get Free Report)

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.

Further Reading

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