Daiwa Securities Group (OTCMKTS:DSEEY) Hits New 12-Month High – Time to Buy?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.03 and last traded at $12.02, with a volume of 2820 shares trading hands. The stock had previously closed at $11.55.

Daiwa Securities Group Stock Performance

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $17.09 billion, a price-to-earnings ratio of 12.98 and a beta of 0.48. The firm’s fifty day moving average price is $11.14 and its 200 day moving average price is $10.21.

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

Daiwa Securities Group Company Profile

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.