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Daiwa Securities Group (OTCMKTS:DSEEY) Shares Cross Above Fifty Day Moving Average - Time to Sell?

Daiwa Securities Group logo with Finance background

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report)'s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.64 and traded as high as $6.87. Daiwa Securities Group shares last traded at $6.84, with a volume of 5,369 shares trading hands.

Daiwa Securities Group Stock Performance

The stock's 50-day moving average price is $6.68 and its 200-day moving average price is $6.69. The company has a market cap of $10.02 billion, a P/E ratio of 10.04 and a beta of 0.52. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.12 and a quick ratio of 1.12.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.12 billion. Daiwa Securities Group had a net margin of 11.30% and a return on equity of 8.69%.

About Daiwa Securities Group

(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.

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