Daiwa Securities Group (OTCMKTS:DSEEY) Shares Up 8.5% - Should You Buy?

Key Points

• Daiwa Securities Group Inc. shares rose by 8.5% on Wednesday, trading at $8.54 after previously closing at $7.87, despite a significant decline in volume.
• The company reported $0.14 earnings per share for the last quarter, exceeding analyst expectations of $0.13, and achieved a revenue of $2.20 billion.
• Daiwa Securities has a market capitalization of $11.56 billion and maintains a debt-to-equity ratio of 1.69 and a net margin of 11.85%.

Shares of Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) traded up 8.5% during mid-day trading on Wednesday . The company traded as high as $8.54 and last traded at $8.54. 1,563 shares changed hands during trading, a decline of 84% from the average session volume of 10,029 shares. The stock had previously closed at $7.87.

Daiwa Securities Group Stock Performance

The stock has a 50-day simple moving average of $7.52 and a 200-day simple moving average of $6.98. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $11.16 billion, a PE ratio of 10.59 and a beta of 0.54.

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

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.