Nomura (NYSE:NMR) Shares Gap Up – Time to Buy?

Shares of Nomura Holdings, Inc. (NYSE:NMR) gapped up before the market opened on Tuesday . The stock had previously closed at $5.26, but opened at $5.61. Nomura shares last traded at $5.67, with a volume of 115,773 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NMR shares. Bank of America initiated coverage on shares of Nomura in a research report on Tuesday, October 22nd. They set a “neutral” rating for the company. StockNews.com cut Nomura from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. started coverage on Nomura in a research report on Thursday, August 29th. They issued a “neutral” rating for the company.

Nomura Stock Performance

The business’s 50-day simple moving average is $5.41 and its 200 day simple moving average is $5.68. The firm has a market cap of $16.55 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.41 and a beta of 0.61. The company has a debt-to-equity ratio of 7.24, a quick ratio of 1.16 and a current ratio of 1.11.

Institutional Investors Weigh In On Nomura

A number of large investors have recently made changes to their positions in the company. Lester Murray Antman dba SimplyRich raised its stake in shares of Nomura by 2.5% in the second quarter. Lester Murray Antman dba SimplyRich now owns 73,332 shares of the financial services provider’s stock worth $423,000 after buying an additional 1,754 shares during the period. Signaturefd LLC lifted its position in shares of Nomura by 1.7% in the second quarter. Signaturefd LLC now owns 103,146 shares of the financial services provider’s stock worth $596,000 after buying an additional 1,772 shares in the last quarter. Optas LLC grew its holdings in Nomura by 4.7% during the 2nd quarter. Optas LLC now owns 40,764 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,819 shares in the last quarter. DMC Group LLC raised its holdings in shares of Nomura by 2.7% during the 3rd quarter. DMC Group LLC now owns 91,562 shares of the financial services provider’s stock worth $478,000 after acquiring an additional 2,379 shares in the last quarter. Finally, XY Capital Ltd boosted its position in shares of Nomura by 23.0% during the 2nd quarter. XY Capital Ltd now owns 13,276 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 2,481 shares during the last quarter. 15.14% of the stock is currently owned by institutional investors.

About Nomura

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.