Nomura (NYSE:NMR) Sees Unusually-High Trading Volume – Still a Buy?

Nomura Holdings, Inc. (NYSE:NMR) shares saw an uptick in trading volume on Friday . 1,121,399 shares changed hands during mid-day trading, an increase of 180% from the previous session’s volume of 399,966 shares.The stock last traded at $5.59 and had previously closed at $5.76.

Analyst Upgrades and Downgrades

NMR has been the topic of a number of recent analyst reports. Bank of America began coverage on Nomura in a report on Tuesday, October 22nd. They set a “neutral” rating on the stock. StockNews.com upgraded Nomura from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th.

Nomura Trading Down 3.1 %

The business’s 50 day moving average price is $5.89 and its two-hundred day moving average price is $5.69. The company has a debt-to-equity ratio of 7.19, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.39 and a beta of 0.65.

Hedge Funds Weigh In On Nomura

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in Nomura by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 206,724 shares of the financial services provider’s stock valued at $1,195,000 after purchasing an additional 8,005 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Nomura by 2.8% during the second quarter. Rhumbline Advisers now owns 153,828 shares of the financial services provider’s stock valued at $889,000 after purchasing an additional 4,134 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Nomura in the 2nd quarter valued at $1,140,000. Ashton Thomas Private Wealth LLC purchased a new position in Nomura in the 2nd quarter worth about $34,000. Finally, Choreo LLC purchased a new stake in Nomura during the second quarter valued at about $245,000. 15.14% of the stock is currently owned by institutional investors and hedge funds.

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.