Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Down Following Weak Earnings

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s stock price gapped down before the market opened on Monday following a dissappointing earnings announcement. The stock had previously closed at $11.28, but opened at $10.49. Daiwa Securities Group shares last traded at $10.49, with a volume of 8,639 shares.

The financial services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Daiwa Securities Group had a net margin of 12.51% and a return on equity of 9.31%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $1.37 billion.

Daiwa Securities Group Stock Down 7.0%

The business has a fifty day moving average of $11.43 and a 200 day moving average of $10.43. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $14.84 billion, a PE ratio of 11.28 and a beta of 0.52.

About Daiwa Securities Group

Daiwa Securities Group Inc is a Japanese financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides securities and investment services to individual, corporate and institutional clients, with activities spanning brokerage, investment banking, asset management and wealth management.

The group’s businesses include retail securities brokerage, equity and fixed-income underwriting, mergers and acquisitions advisory, sales and trading, research, and investment management.