Nomura (NYSE:NMR) Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of Nomura (NYSE:NMR) from a sell rating to a strong sell rating in a research report released on Friday morning, ValuEngine reports.

Other analysts have also issued research reports about the stock. TheStreet upgraded shares of Nomura from a d rating to a c rating in a research note on Wednesday, October 30th. Nomura upgraded shares of Nomura from an underweight rating to a neutral rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upgraded shares of Nomura from an underweight rating to a neutral rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research upgraded shares of Nomura from a sell rating to a hold rating in a research note on Saturday, August 10th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Nomura currently has a consensus rating of Hold.

Shares of NYSE:NMR traded down $0.02 during midday trading on Friday, reaching $4.78. The company’s stock had a trading volume of 122,298 shares, compared to its average volume of 458,818. The firm has a market capitalization of $15.56 billion, a PE ratio of -17.70 and a beta of 1.39. Nomura has a twelve month low of $3.05 and a twelve month high of $4.82. The stock has a fifty day moving average of $4.48 and a 200 day moving average of $3.80. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.98.

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in Nomura by 2.5% during the third quarter. Envestnet Asset Management Inc. now owns 123,752 shares of the financial services provider’s stock valued at $526,000 after buying an additional 2,965 shares during the period. A.R.T. Advisors LLC grew its position in Nomura by 30.6% during the second quarter. A.R.T. Advisors LLC now owns 13,708 shares of the financial services provider’s stock valued at $49,000 after buying an additional 3,208 shares during the period. Parallel Advisors LLC grew its position in Nomura by 40.6% during the second quarter. Parallel Advisors LLC now owns 14,052 shares of the financial services provider’s stock valued at $50,000 after buying an additional 4,056 shares during the period. Lindbrook Capital LLC grew its position in Nomura by 25.4% during the third quarter. Lindbrook Capital LLC now owns 25,376 shares of the financial services provider’s stock valued at $108,000 after buying an additional 5,148 shares during the period. Finally, Ballentine Partners LLC grew its position in Nomura by 48.9% during the third quarter. Ballentine Partners LLC now owns 29,760 shares of the financial services provider’s stock valued at $127,000 after buying an additional 9,776 shares during the period. Hedge funds and other institutional investors own 0.78% of the company’s stock.

About Nomura

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Asset Management, and Wholesale. The Retail segment offers various financial products and investment services for individuals and corporations.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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