Daiwa Securities Group (OTCMKTS:DSEEY) Sees Large Volume Increase – Here’s What Happened

Shares of Daiwa Securities Group Inc. (OTCMKTS:DSEEY) saw strong trading volume on Wednesday . 41,509 shares changed hands during mid-day trading, an increase of 88% from the previous session’s volume of 22,108 shares.The stock last traded at $9.1485 and had previously closed at $9.35.

Daiwa Securities Group Trading Down 1.0%

The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $13.10 billion, a PE ratio of 11.15 and a beta of 0.49. The stock’s 50 day simple moving average is $9.49 and its 200 day simple moving average is $9.31.

Daiwa Securities Group (OTCMKTS:DSEEY) last released its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Daiwa Securities Group had a net margin of 11.91% and a return on equity of 7.36%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.40 billion.

About Daiwa Securities Group

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.