Daiwa Securities Group (OTCMKTS:DSEEY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Daiwa Securities Group Inc. (OTCMKTS:DSEEY) saw unusually-high trading volume on Monday . Approximately 124,629 shares changed hands during mid-day trading, an increase of 467% from the previous session’s volume of 21,962 shares.The stock last traded at $9.40 and had previously closed at $9.78.

Daiwa Securities Group Stock Performance

The firm has a market cap of $13.53 billion, a P/E ratio of 11.52 and a beta of 0.49. The stock’s 50 day moving average is $9.53 and its two-hundred day moving average is $9.39. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.10 and a quick ratio of 1.10.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Daiwa Securities Group had a net margin of 11.91% and a return on equity of 7.36%.

About Daiwa Securities Group

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.