Daiwa Securities Group (OTCMKTS:DSEEY) Shares Cross Above 50-Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Daiwa Securities Group Inc. (OTCMKTS:DSEEY – Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.43 and traded as high as $9.08. Daiwa Securities Group shares last traded at $9.08, with a volume of 1,069 shares trading hands.

Daiwa Securities Group Stock Up 3.4%

The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 12.44 and a beta of 0.51. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.52. The firm has a fifty day moving average price of $8.43 and a 200-day moving average price of $7.85.

Daiwa Securities Group (OTCMKTS:DSEEY – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The business had revenue of $2.44 billion during the quarter. Daiwa Securities Group had a net margin of 11.23% and a return on equity of 7.00%.

About Daiwa Securities Group

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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.

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