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

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $11.75, but opened at $12.0950. Daiwa Securities Group shares last traded at $12.1050, with a volume of 14,434 shares.

Daiwa Securities Group Stock Up 3.0%

The business’s fifty day moving average price is $11.35 and its two-hundred day moving average price is $10.26. 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 firm has a market capitalization of $17.13 billion, a P/E ratio of 13.02 and a beta of 0.48.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings data on Monday, August 3rd. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Daiwa Securities Group had a net margin of 12.72% and a return on equity of 8.46%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $1.34 billion.

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.