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

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) 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 trading hands.

Daiwa Securities Group Stock Down 0.2%

The firm has a market cap of $16.85 billion, a P/E ratio of 12.81 and a beta of 0.48. The stock’s 50 day simple moving average is $11.46 and its 200 day simple moving average is $10.31. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.10 and a current ratio of 1.10.

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

About Daiwa Securities Group

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.