Daiwa Securities Group (OTCMKTS:DSEEY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.91 and traded as low as $9.31. Daiwa Securities Group shares last traded at $9.31, with a volume of 4,204 shares trading hands.

Daiwa Securities Group Price Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $13.17 billion, a PE ratio of 12.58 and a beta of 0.51. The stock’s 50-day moving average is $9.91 and its two-hundred day moving average is $8.77.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its earnings results on Monday, February 2nd. The financial services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $1.70 billion. Daiwa Securities Group had a net margin of 10.93% and a return on equity of 7.01%.

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.