Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Down - What's Next?

Key Points

• Daiwa Securities Group shares experienced a significant gap down, opening at $6.82 after a previous close of $7.33, reflecting a notable price drop.
• The company's earnings report revealed $0.16 earnings per share, missing estimates of $0.18, although it reported revenue of $2.40 billion, exceeding expectations of $2.12 billion.
• Daiwa Securities Group has a market capitalization of $9.98 billion and a debt-to-equity ratio of 1.69, indicating its financial leverage position.

Shares of Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $7.33, but opened at $6.82. Daiwa Securities Group shares last traded at $6.82, with a volume of 230 shares trading hands.

Daiwa Securities Group Stock Performance

The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 9.44 and a beta of 0.53. The company's fifty day simple moving average is $6.96 and its two-hundred day simple moving average is $6.78. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.12 and a quick ratio of 1.12.

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 for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $2.20 billion for the quarter. Daiwa Securities Group had a net margin of 11.85% and a return on equity of 8.89%.

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.