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Daiwa Securities Group (OTCMKTS:DSEEY) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Daiwa Securities Group logo with Finance background

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report)'s share price crossed 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 Up 2.5%

The firm's 50-day simple moving average is $6.64 and its 200 day simple moving average is $6.69. The company has a market cap of $9.61 billion, a P/E ratio of 9.63 and a beta of 0.52. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.12 and a current ratio of 1.12.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate 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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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