Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Down - Time to Sell?

Key Points

• Daiwa Securities Group's stock price gapped down on Friday, opening at $7.71 after closing at $8.03, with a trading volume of 530 shares.
• The company reported better-than-expected earnings, with $0.14 earnings per share, surpassing analyst estimates of $0.13, alongside a revenue of $2.20 billion for the quarter.
• Daiwa Securities Group has a market capitalization of $10.83 billion, a PE ratio of 10.27, and a debt-to-equity ratio of 1.67.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $8.03, but opened at $7.71. Daiwa Securities Group shares last traded at $7.71, with a volume of 530 shares traded.

Daiwa Securities Group Stock Performance

The firm has a market capitalization of $10.83 billion, a PE ratio of 10.27 and a beta of 0.52. 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 stock has a 50-day moving average price of $7.81 and a 200-day moving average price of $7.08.

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

Daiwa Securities Group Company Profile

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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