Daiwa Securities Group (OTCMKTS:DSEEY) Hits New 12-Month High – Time to Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEYGet Free Report) hit a new 52-week high on Thursday . The stock traded as high as $12.03 and last traded at $12.02, with a volume of 2820 shares traded. The stock had previously closed at $11.55.

Daiwa Securities Group Trading Up 3.8%

The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 12.98 and a beta of 0.48. The business has a 50-day moving average of $11.14 and a 200-day moving average of $10.21. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.10 and a current ratio of 1.10.

Daiwa Securities Group (OTCMKTS:DSEEYGet Free Report) last announced its earnings results on Monday, August 3rd. The financial services provider reported $0.25 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 analysts’ expectations of $1.34 billion. Daiwa Securities Group had a net margin of 12.72% and a return on equity of 8.46%.

About Daiwa Securities Group

(Get Free Report)

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.

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