Nomura (NYSE:NMR) Trading Down 4.9% – What’s Next?

Nomura Holdings, Inc. (NYSE:NMR) fell 4.9% during mid-day trading on Wednesday . The stock traded as low as $6.42 and last traded at $6.52. 163,139 shares changed hands during trading, a decline of 73% from the average session volume of 612,572 shares. The stock had previously closed at $6.86.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com upgraded Nomura from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Bank of America started coverage on shares of Nomura in a research report on Tuesday, October 22nd. They set a “neutral” rating on the stock.

Nomura Stock Down 4.7 %

The company has a current ratio of 1.17, a quick ratio of 1.11 and a debt-to-equity ratio of 7.52. The stock has a market capitalization of $19.41 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.31 and a beta of 0.66. The stock’s 50-day moving average price is $6.07 and its two-hundred day moving average price is $5.74.

Nomura (NYSE:NMR) last released its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. Nomura had a net margin of 7.96% and a return on equity of 9.19%. As a group, research analysts expect that Nomura Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Nomura in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Nomura in the 3rd quarter valued at about $25,000. Adero Partners LLC bought a new position in shares of Nomura in the 4th quarter worth $59,000. Savant Capital LLC purchased a new position in shares of Nomura in the 4th quarter worth approximately $59,000. Finally, Sanctuary Advisors LLC purchased a new position in Nomura in the 2nd quarter worth $60,000. Institutional investors 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.