Daiwa Securities Group (OTCMKTS:DSEEY) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.91 and traded as low as $9.31. Daiwa Securities Group shares last traded at $9.31, with a volume of 4,204 shares changing hands.

Daiwa Securities Group Stock Down 0.4%

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $13.17 billion, a PE ratio of 12.58 and a beta of 0.51. The firm has a 50-day moving average of $9.91 and a two-hundred day moving average of $8.77.

Daiwa Securities Group (OTCMKTS:DSEEY) last announced its quarterly earnings results on Monday, February 2nd. The financial services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $1.70 billion. Daiwa Securities Group had a return on equity of 7.01% and a net margin of 10.93%.

Daiwa Securities Group Company Profile

Daiwa Securities Group Inc is a leading Japanese financial services firm established in 1902 and headquartered in Tokyo. Operating as a holding company, Daiwa oversees a network of subsidiaries active in securities brokerage, investment banking and asset management. With a history spanning over a century, the group has evolved to meet the changing needs of individual and institutional clients, building a reputation for comprehensive capital markets solutions.

The group’s core businesses include retail brokerage, offering equity, fixed income and mutual fund products to individual investors in Japan.