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

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $8.5250, but opened at $8.8725. Daiwa Securities Group shares last traded at $8.8725, with a volume of 334 shares traded.

Daiwa Securities Group Stock Up 6.0%

The firm has a fifty day simple moving average of $8.03 and a 200 day simple moving average of $7.61. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $12.70 billion, a PE ratio of 12.38 and a beta of 0.51.

Daiwa Securities Group (OTCMKTS:DSEEY) last issued its quarterly earnings results 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 return on equity of 7.00% and a net margin of 11.23%.The company 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.