Nomura (NYSE:NMR) Sees Large Volume Increase – Still a Buy?

Nomura Holdings, Inc. (NYSE:NMR) saw unusually-high trading volume on Friday . Approximately 1,121,399 shares were traded 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.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NMR. Bank of America initiated coverage on Nomura in a research report on Tuesday, October 22nd. They issued a “neutral” rating for the company. StockNews.com upgraded Nomura from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th.

Nomura Trading Down 3.3 %

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.19. The company’s 50-day moving average is $5.88 and its 200-day moving average is $5.69. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.39 and a beta of 0.65.

Institutional Investors Weigh In On Nomura

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of 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 acquiring an additional 8,005 shares during the last quarter. Rhumbline Advisers increased its holdings in Nomura by 2.8% in the 2nd 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 purchased a new stake in Nomura in the second quarter valued at approximately $1,140,000. Ashton Thomas Private Wealth LLC purchased a new stake in Nomura in the second quarter valued at approximately $34,000. Finally, Choreo LLC purchased a new position in shares of Nomura during the second quarter worth $245,000. 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.