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

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s share price gapped down before the market opened on Friday. The stock had previously closed at $11.60, but opened at $11.15. Daiwa Securities Group shares last traded at $11.33, with a volume of 4,819 shares changing hands.

Daiwa Securities Group Price Performance

The business has a fifty day moving average of $11.56 and a 200-day moving average of $10.48. 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 market capitalization of $15.98 billion, a P/E ratio of 12.14 and a beta of 0.52.

Daiwa Securities Group (OTCMKTS:DSEEY) last issued its quarterly 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 company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $1.34 billion. Daiwa Securities Group had a return on equity of 8.39% and a net margin of 12.72%.

Daiwa Securities Group Company Profile

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.