Daiwa Securities Group (OTCMKTS:DSEEY) Shares Cross Below 50-Day Moving Average - Should You Sell?

Key Points

• Daiwa Securities Group's stock price has fallen below its 50-day moving average of $6.90, trading as low as $6.82, and was last seen at $7.37.
• The company reported a net margin of 11.30% and earnings per share of $0.16 for the last quarter, which missed expectations by $0.02.
• Daiwa Securities Group holds a market cap of $10.35 billion and a PE ratio of 10.38, indicating its valuation in the market.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.90 and traded as low as $6.82. Daiwa Securities Group shares last traded at $7.37, with a volume of 2,004 shares traded.

Daiwa Securities Group Stock Performance

The company has a market cap of $9.93 billion, a PE ratio of 9.43 and a beta of 0.53. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.12 and a current ratio of 1.12. The stock's 50-day simple moving average is $6.93 and its 200 day simple moving average is $6.77.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $2.20 billion during the quarter. Daiwa Securities Group had a net margin of 11.85% and a return on equity of 8.89%.

About Daiwa Securities Group

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.