Nomura (NYSE:NMR) Upgraded to Buy at StockNews.com

Nomura (NYSE:NMR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other analysts also recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Nomura in a research report on Thursday, August 29th. They issued a “neutral” rating for the company. Bank of America assumed coverage on shares of Nomura in a report on Tuesday, October 22nd. They set a “neutral” rating on the stock.

Nomura Trading Up 1.5 %

Shares of NYSE NMR traded up $0.09 during mid-day trading on Wednesday, hitting $6.13. 301,657 shares of the company traded hands, compared to its average volume of 1,868,154. The business has a 50 day moving average of $5.66 and a two-hundred day moving average of $5.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.19. Nomura has a 1 year low of $4.20 and a 1 year high of $6.62. The stock has a market capitalization of $18.21 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 0.45 and a beta of 0.64.

Institutional Investors Weigh In On Nomura

A number of hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in Nomura in the 3rd quarter valued at $25,000. Ashton Thomas Private Wealth LLC bought a new position in Nomura during the 2nd quarter worth $34,000. Sage Mountain Advisors LLC bought a new stake in Nomura during the second quarter worth about $59,000. SYM FINANCIAL Corp bought a new stake in shares of Nomura during the 2nd quarter worth approximately $59,000. Finally, Catalytic Wealth RIA LLC acquired a new position in shares of Nomura during the 3rd quarter worth $59,000. Institutional investors and hedge funds own 15.14% of the company’s stock.

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, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.