Nomura (NYSE:NMR) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of Nomura (NYSE:NMR) from a buy rating to a hold rating in a report issued on Monday morning.

Nomura Stock Performance

NYSE:NMR opened at $5.72 on Monday. Nomura has a 1 year low of $3.75 and a 1 year high of $6.62. The company has a debt-to-equity ratio of 7.24, a current ratio of 1.11 and a quick ratio of 1.16. The stock’s 50 day simple moving average is $5.77 and its two-hundred day simple moving average is $5.89. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 15.46 and a beta of 0.59.

Institutional Investors Weigh In On Nomura

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC purchased a new position in shares of Nomura in the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Nomura by 36.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,482 shares of the financial services provider’s stock valued at $34,000 after buying an additional 2,018 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Nomura during the 2nd quarter worth approximately $34,000. Allspring Global Investments Holdings LLC acquired a new stake in Nomura in the first quarter valued at approximately $45,000. Finally, Ieq Capital LLC purchased a new position in Nomura in the fourth quarter worth $57,000. Hedge funds and other 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.