Daiwa Securities Group (OTCMKTS:DSEEY) Share Price Crosses Below 50 Day Moving Average - What's Next?

Key Points

• Daiwa Securities Group's stock price fell below its 50-day moving average of $7.90, trading at $7.66 with a volume of 377 shares.
• The company reported a net margin of 11.85% and earnings per share (EPS) of $0.14, exceeding analysts' expectations of $0.13.
• Daiwa Securities Group has a market cap of $10.75 billion and operates primarily as a securities broker-dealer internationally.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.90 and traded as low as $7.66. Daiwa Securities Group shares last traded at $7.66, with a volume of 377 shares changing hands.

Daiwa Securities Group Stock Up 1.1%

The business's 50 day moving average price is $7.90 and its 200-day moving average price is $7.12. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $10.75 billion, a P/E ratio of 10.21 and a beta of 0.52.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Daiwa Securities Group had a net margin of 11.85% and a return on equity of 8.80%. The company had revenue of $2.20 billion during the quarter.

About Daiwa Securities Group

Daiwa Securities Group Inc, together with its subsidiaries, primarily operates as a securities broker-dealer in Japan and internationally. The company operates through four segments: Retail, Wholesale, Asset Management, and Investment. The Retail segment offers products and services related to asset management, including equities, bonds, investment trusts, wrap account services, insurance, banking services, inheritance-related services, etc.

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