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Daiwa Securities Group (OTCMKTS:DSEEY) Shares Pass Above 50 Day Moving Average - What's Next?

Daiwa Securities Group logo with Finance background

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.52 and traded as high as $6.87. Daiwa Securities Group shares last traded at $6.82, with a volume of 2,124 shares trading hands.

Daiwa Securities Group Stock Performance

The firm has a market cap of $9.46 billion, a PE ratio of 9.48 and a beta of 0.52. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.12 and a current ratio of 1.12. The firm's 50 day moving average price is $6.60 and its two-hundred day moving average price is $6.70.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). Daiwa Securities Group had a return on equity of 8.69% and a net margin of 11.30%. The company had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.12 billion.

About Daiwa Securities Group

(Get Free Report)

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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