Daiwa Securities Group (OTCMKTS:DSEEY) Sees Large Volume Increase – Time to Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) shares saw an uptick in trading volume on Wednesday . Approximately 355,357 shares were traded during mid-day trading, an increase of 1,083% from the previous session’s volume of 30,031 shares.The stock last traded at $11.50 and had previously closed at $11.31.

Daiwa Securities Group Stock Performance

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’s 50-day moving average price is $10.76 and its two-hundred day moving average price is $10.09. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 12.40 and a beta of 0.49.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings results on Monday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $1.34 billion. Daiwa Securities Group had a net margin of 12.72% and a return on equity of 8.46%.

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.