Daiwa Securities Group (OTCMKTS:DSEEY) Sees Strong Trading Volume – Here’s Why

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) shares saw unusually-strong trading volume on Monday . 35,512 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 28,790 shares.The stock last traded at $11.65 and had previously closed at $11.80.

Daiwa Securities Group Stock Down 2.7%

The business’s 50 day moving average price is $11.46 and its 200-day moving average price is $10.31. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $16.78 billion, a PE ratio of 12.75 and a beta of 0.48.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings data on Monday, August 3rd. The financial services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Daiwa Securities Group had a net margin of 12.72% and a return on equity of 8.39%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $1.34 billion.

About Daiwa Securities Group

Daiwa Securities Group Inc is a Japan-based financial services holding company and the parent of Daiwa Securities and other businesses. The group provides investment and financial solutions to individual investors, corporations, financial institutions, governments and other institutional clients.

Its principal activities include retail securities brokerage, investment banking, underwriting and sales of equities and bonds, mergers and acquisitions advisory, institutional sales and trading, investment research, and asset management.