Zacks Research Initiates Coverage on Daiwa Securities Group (OTCMKTS:DSEEY)

Investment analysts at Zacks Research started coverage on shares of Daiwa Securities Group (OTCMKTS:DSEEY) in a research report issued to clients and investors on Thursday, Zacks reports. The brokerage set a “hold” rating on the financial services provider’s stock.

Daiwa Securities Group Stock Performance

OTCMKTS:DSEEY traded down $0.21 on Thursday, reaching $10.51. 26,884 shares of the company’s stock were exchanged, compared to its average volume of 33,363. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 11.30 and a beta of 0.59. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a fifty day simple moving average of $11.36 and a 200-day simple moving average of $10.46. Daiwa Securities Group has a 52 week low of $7.78 and a 52 week high of $12.58.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings results on Friday, October 30th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $1.37 billion. Daiwa Securities Group had a net margin of 12.51% and a return on equity of 9.31%. As a group, sell-side analysts predict that Daiwa Securities Group will post 0.99 earnings per share for the current year.

About Daiwa Securities Group

Daiwa Securities Group Inc is a Japanese financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides securities and investment services to individual, corporate and institutional clients, with activities spanning brokerage, investment banking, asset management and wealth management.

The group’s businesses include retail securities brokerage, equity and fixed-income underwriting, mergers and acquisitions advisory, sales and trading, research, and investment management.