Daiwa Securities Group (OTCMKTS:DSEEY) Stock Falls 4.5% – What’s Next?

Daiwa Securities Group Inc. (OTCMKTS:DSEEY)’s stock price dropped 4.5% during mid-day trading on Tuesday. The company traded as low as $11.36 and last traded at $11.36. Approximately 1,388 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 28,319 shares. The stock had previously closed at $11.90.

Daiwa Securities Group Trading Down 2.8%

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $16.37 billion, a P/E ratio of 12.44 and a beta of 0.48. The company has a 50-day moving average price of $11.56 and a 200 day moving average price of $10.43.

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

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.