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

Key Points

• Daiwa Securities Group shares gapped down, opening at $7.87 after a previous close of $8.30, indicating a notable drop in value.
• The firm recently reported earnings of $0.14 EPS, surpassing the consensus estimate by $0.01, with a net margin of 11.85% and a revenue of $2.20 billion for the quarter.
• Daiwa has a market capitalization of $11.06 billion and a P/E ratio of 10.49, reflecting its financial performance and market position.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $8.30, but opened at $7.87. Daiwa Securities Group shares last traded at $7.87, with a volume of 230 shares changing hands.

Daiwa Securities Group Stock Performance

The company has a 50-day simple moving average of $7.41 and a two-hundred day simple moving average of $6.94. The firm has a market capitalization of $11.06 billion, a P/E ratio of 10.49 and a beta of 0.54. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.12 and a current ratio of 1.12.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last released its 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 firm 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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