Daiwa Securities Group (OTCMKTS:DSEEY) Shares Gap Down – Should You Sell?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) gapped down before the market opened on Wednesday . The stock had previously closed at $12.19, but opened at $11.75. Daiwa Securities Group shares last traded at $11.83, with a volume of 898 shares.

Daiwa Securities Group Trading Down 0.2%

The firm’s 50 day simple moving average is $11.46 and its two-hundred day simple moving average is $10.31. The stock has a market capitalization of $16.85 billion, a P/E ratio of 12.81 and a beta of 0.48. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.48.

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

Daiwa Securities Group Company Profile

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.