ValuEngine Lowers Nomura (NYSE:NMR) to Strong Sell

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

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Nomura from a sell rating to a hold rating in a research report on Saturday, August 10th. TheStreet upgraded shares of Nomura from a d rating to a c rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upgraded shares of Nomura from an underweight rating to a neutral rating in a research report on Wednesday, July 31st. Finally, Nomura upgraded shares of Nomura from an underweight rating to a neutral rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has an average rating of Hold.

Nomura stock traded down $0.02 during midday trading on Friday, hitting $4.78. 122,298 shares of the stock were exchanged, compared to its average volume of 458,818. Nomura has a fifty-two week low of $3.05 and a fifty-two week high of $4.82. The stock has a market capitalization of $15.56 billion, a price-to-earnings ratio of -17.70 and a beta of 1.39. The stock’s 50-day simple moving average is $4.48 and its 200 day simple moving average is $3.80. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.98.

Institutional investors have recently added to or reduced their stakes in the stock. BSW Wealth Partners acquired a new stake in Nomura during the second quarter worth about $55,000. Parallel Advisors LLC increased its position in shares of 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 acquiring an additional 4,056 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Nomura by 173.1% during the second quarter. Lindbrook Capital LLC now owns 20,228 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 12,821 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Nomura by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 120,787 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 6,369 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its position in shares of Nomura by 28.0% during the third quarter. Wetherby Asset Management Inc. now owns 151,366 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 33,105 shares during the last quarter. 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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