Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Up – Should You Buy?

Shares of Daiwa Securities Group Inc. (OTCMKTS:DSEEY) gapped up prior to trading on Wednesday . The stock had previously closed at $11.07, but opened at $11.6113. Daiwa Securities Group shares last traded at $11.61, with a volume of 1,228 shares trading hands.

Daiwa Securities Group Stock Up 4.1%

The firm has a 50-day moving average of $9.92 and a 200 day moving average of $9.78. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 14.09 and a beta of 0.49. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.44.

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

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.