Daiwa Securities Group (OTCMKTS:DSEEY) Sees Large Volume Increase – Still a Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) shares saw unusually-high trading volume on Monday . Approximately 45,538 shares traded hands during mid-day trading, an increase of 89% from the previous session’s volume of 24,127 shares.The stock last traded at $9.90 and had previously closed at $9.74.

Daiwa Securities Group Stock Down 1.6%

The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 11.92 and a beta of 0.49. The business’s 50-day moving average is $9.54 and its two-hundred day moving average is $9.44. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.44.

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

Daiwa Securities Group Company Profile

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.