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

Key Points

• Daiwa Securities Group's stock price has surpassed its 50-day moving average of $7.76, trading at $8.08 during recent sessions.
• The company reported an earnings per share (EPS) of $0.14 for the last quarter, exceeding the consensus estimate by $0.01, with revenues reaching $2.20 billion.
• Daiwa Securities Group has a market capitalization of $11.35 billion and operates primarily as a securities broker-dealer in Japan and internationally across four segments: Retail, Wholesale, Asset Management, and Investment.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.76 and traded as high as $8.08. Daiwa Securities Group shares last traded at $8.08, with a volume of 419 shares trading hands.

Daiwa Securities Group Stock Performance

The firm has a market capitalization of $11.35 billion, a PE ratio of 10.77 and a beta of 0.54. 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 firm has a fifty day moving average price of $7.76 and a 200 day moving average price of $7.06.

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

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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