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Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Down - Here's Why

Daiwa Securities Group logo with Finance background

Key Points

  • Daiwa Securities Group's shares gapped down from a previous closing price of $8.14 to open at $7.78 before trading on Wednesday, with a trading volume of 68,003 shares.
  • The company reported $0.14 earnings per share (EPS) for the last quarter, exceeding analysts' estimates of $0.13, with total revenues reaching $2.20 billion.
  • Daiwa Securities Group maintains a market cap of $10.99 billion, along with a debt-to-equity ratio of 1.69 and a return on equity of 8.89%.
  • MarketBeat previews top five stocks to own in October.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $8.14, but opened at $7.78. Daiwa Securities Group shares last traded at $7.78, with a volume of 68,003 shares changing hands.

Daiwa Securities Group Price Performance

The company's 50 day simple moving average is $7.39 and its 200 day simple moving average is $6.93. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $11.39 billion, a P/E ratio of 10.81 and a beta of 0.54.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Daiwa Securities Group had a net margin of 11.85% and a return on equity of 8.89%. The company had revenue of $2.20 billion during the quarter.

Daiwa Securities Group Company Profile

(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.

Further Reading

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