Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Up - Should You Buy?

Key Points

• Shares gapped up and were trading higher — the stock opened at $9.89 versus the prior close of $9.62 and was up about 2.2% with roughly 6,338 shares changing hands.
• Quarterly beat on both EPS and revenue — Daiwa reported $0.22 EPS versus a $0.18 estimate and revenue of $2.42 billion versus a $1.70 billion estimate, with ROE 7.01% and a net margin of 10.93%.
• Valuation and balance-sheet snapshot — market cap ~$14.3B, P/E 13.65 and beta 0.51, with debt-to-equity 1.44 and current/quick ratios of 1.10 (50-day MA $9.90; 200-day MA $8.88).

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $9.62, but opened at $9.89. Daiwa Securities Group shares last traded at $9.89, with a volume of 6,338 shares changing hands.

Daiwa Securities Group Trading Up 2.2%

The company has a debt-to-equity ratio of 1.44, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $14.30 billion, a PE ratio of 13.65 and a beta of 0.51. The stock's 50-day moving average price is $9.90 and its 200 day moving average price is $8.88.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The financial services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $1.70 billion. Daiwa Securities Group had a return on equity of 7.01% and a net margin of 10.93%.

About Daiwa Securities Group

Daiwa Securities Group Inc is a leading Japanese financial services firm established in 1902 and headquartered in Tokyo. Operating as a holding company, Daiwa oversees a network of subsidiaries active in securities brokerage, investment banking and asset management. With a history spanning over a century, the group has evolved to meet the changing needs of individual and institutional clients, building a reputation for comprehensive capital markets solutions.

The group's core businesses include retail brokerage, offering equity, fixed income and mutual fund products to individual investors in Japan.

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