Nomura (NYSE:NMR) Stock Rating Lowered by ValuEngine

Nomura (NYSE:NMR) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday, ValuEngine reports.

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

Shares of NYSE NMR traded down $0.02 on Friday, hitting $4.78. The company’s stock had a trading volume of 122,298 shares, compared to its average volume of 458,818. Nomura has a 12-month low of $3.05 and a 12-month high of $4.82. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of -17.70 and a beta of 1.39. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50 day moving average of $4.48 and a 200-day moving average of $3.80.

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in shares of Nomura by 2.5% in the third quarter. Envestnet Asset Management Inc. now owns 123,752 shares of the financial services provider’s stock worth $526,000 after acquiring an additional 2,965 shares in the last quarter. A.R.T. Advisors LLC increased its position in shares of Nomura by 30.6% in the second quarter. A.R.T. Advisors LLC now owns 13,708 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 3,208 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Nomura by 40.6% in the second quarter. Parallel Advisors LLC now owns 14,052 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 4,056 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Nomura by 25.4% in the third quarter. Lindbrook Capital LLC now owns 25,376 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 5,148 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Nomura by 48.9% in the third quarter. Ballentine Partners LLC now owns 29,760 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 9,776 shares in the last quarter. 0.78% of the stock is owned by hedge funds and other institutional investors.

Nomura Company Profile

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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