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 stock traded as high as $12.01 and last traded at $11.58, with a volume of 21470 shares traded. The stock had previously closed at $11.24.

Daiwa Securities Group Stock Up 3.0%

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.44. The firm has a market cap of $16.39 billion, a P/E ratio of 13.95 and a beta of 0.49. The stock’s 50-day simple moving average is $9.96 and its 200 day simple moving average is $9.80.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.40 billion. Daiwa Securities Group had a return on equity of 7.36% and a net margin of 11.91%.

About Daiwa Securities Group

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.