Daiwa Securities Group (OTCMKTS:DSEEY) Sees Large Volume Increase - Here's Why

Key Points

• Trading volume jumped 90% to 40,305 shares on Monday from 21,189 the prior session, while the stock last traded around $9.48.
• Quarterly results beat expectations: Daiwa reported EPS of $0.22 versus $0.18 consensus and revenue of $2.42 billion versus $1.70 billion expected, with a net margin of 10.93% and ROE of 7.01%.
• Valuation and technicals are mixed: market capitalization is about $13.25 billion with a P/E of 12.66, the 50-day SMA is $9.90 (above the current price) and the 200-day SMA is $8.96, and debt/equity stands at 1.44.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) shares saw an uptick in trading volume on Monday . 40,305 shares traded hands during trading, an increase of 90% from the previous session's volume of 21,189 shares.The stock last traded at $9.4750 and had previously closed at $9.4396.

Daiwa Securities Group Price Performance

The firm has a 50-day simple moving average of $9.90 and a two-hundred day simple moving average of $8.96. The company has a market capitalization of $13.25 billion, a price-to-earnings ratio of 12.66 and a beta of 0.54. 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 - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. Daiwa Securities Group had a return on equity of 7.01% and a net margin of 10.93%.The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $1.70 billion.

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.

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