Daiwa Securities Group (OTCMKTS:DSEEY) Hits New 12-Month High – Time to Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $12.01 and last traded at $11.58, with a volume of 21470 shares changing hands. The stock had previously closed at $11.24.

Daiwa Securities Group Trading Up 3.0%

The business has a fifty day moving average of $9.96 and a 200-day moving average of $9.80. 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 company has a market capitalization of $16.39 billion, a P/E ratio of 13.95 and a beta of 0.49.

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

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.