Daiwa Securities Group (OTCMKTS:DSEEY) Shares Down 4.5% – Here’s Why

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s share price traded down 4.5% during trading on Tuesday. The company traded as low as $11.36 and last traded at $11.36. Approximately 1,388 shares traded hands during trading, a decline of 95% from the average daily volume of 28,319 shares. The stock had previously closed at $11.90.

Daiwa Securities Group Stock Performance

The business has a fifty day simple moving average of $11.56 and a two-hundred day simple moving average of $10.46. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.48. The company has a market cap of $16.41 billion, a P/E ratio of 12.47 and a beta of 0.48.

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

About Daiwa Securities Group

Daiwa Securities Group Inc is a Japanese financial services holding company headquartered in Tokyo. Founded in 1902, the group operates through subsidiaries that provide securities, investment banking, asset management and related financial services to individual, corporate and institutional clients.

Its businesses include retail brokerage, wealth management, equity and fixed-income trading, underwriting and advisory services, and investment management. The group also offers banking, research, asset servicing and other financial solutions, with services spanning public and private markets.

Daiwa Securities Group primarily serves clients in Japan while maintaining an international presence through subsidiaries and offices across Asia, Europe and the Americas.