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

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) shares saw unusually-high trading volume on Tuesday . Approximately 43,928 shares changed hands during mid-day trading, an increase of 52% from the previous session’s volume of 28,913 shares.The stock last traded at $11.5480 and had previously closed at $11.12.

Daiwa Securities Group Stock Up 3.2%

The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 13.86 and a beta of 0.49. 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 stock’s 50 day moving average is $10.07 and its 200 day moving average is $9.85.

Daiwa Securities Group (OTCMKTS:DSEEY) last issued 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. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.40 billion. Daiwa Securities Group had a return on equity of 7.36% and a net margin of 11.91%.

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.