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Daiwa Securities Group (OTCMKTS:DSEEY) Shares Cross Above 50 Day Moving Average - Here's Why

Daiwa Securities Group logo with Finance background

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.72 and traded as high as $7.01. Daiwa Securities Group shares last traded at $7.01, with a volume of 1,302 shares changing hands.

Daiwa Securities Group Stock Performance

The company has a debt-to-equity ratio of 1.74, a current ratio of 1.12 and a quick ratio of 1.12. The stock's 50 day simple moving average is $6.72 and its two-hundred day simple moving average is $6.85. The stock has a market cap of $9.64 billion, a P/E ratio of 9.03 and a beta of 0.61.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported $0.20 earnings per share for the quarter. Daiwa Securities Group had a net margin of 11.77% and a return on equity of 8.92%.

About Daiwa Securities Group

(Get Free Report)

Daiwa Securities Group Inc, together with its subsidiaries, primarily operates as a securities broker-dealer in Japan and internationally. The company operates through four segments: Retail, Wholesale, Asset Management, and Investment. The Retail segment offers products and services related to asset management, including equities, bonds, investment trusts, wrap account services, insurance, banking services, inheritance-related services, etc.

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