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

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) gapped down prior to trading on Friday. The stock had previously closed at $11.71, but opened at $11.35. Daiwa Securities Group shares last traded at $11.35, with a volume of 245 shares trading hands.

Daiwa Securities Group Trading Up 3.6%

The company has a market capitalization of $16.64 billion, a price-to-earnings ratio of 12.64 and a beta of 0.48. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a fifty day moving average price of $11.53 and a 200-day moving average price of $10.39.

Daiwa Securities Group (OTCMKTS:DSEEY) last released its earnings results on Monday, August 3rd. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate 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%.

Daiwa Securities Group Company Profile

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.