Nomura (NYSE:NMR) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Nomura Holdings Inc ADR (NYSE:NMR)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.25 and traded as low as $8.10. Nomura shares last traded at $8.1050, with a volume of 1,024,615 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NMR shares. JPMorgan Chase & Co. raised Nomura from a “neutral” rating to an “overweight” rating in a report on Thursday, March 19th. Weiss Ratings downgraded Nomura from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nomura currently has a consensus rating of “Buy”.

Nomura Stock Down 0.7%

The company has a 50 day moving average of $8.05 and a 200-day moving average of $8.26. The company has a debt-to-equity ratio of 7.38, a current ratio of 1.08 and a quick ratio of 1.13. The company has a market cap of $23.62 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 1.94 and a beta of 0.71.

Nomura (NYSE:NMR) last issued its quarterly earnings results on Friday, April 24th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.43 billion. Nomura had a net margin of 7.64% and a return on equity of 9.70%. On average, equities analysts predict that Nomura Holdings Inc ADR will post 0.79 earnings per share for the current year.

Hedge Funds Weigh In On Nomura

A number of institutional investors have recently made changes to their positions in NMR. AlphaCore Capital LLC lifted its stake in Nomura by 511.7% during the third quarter. AlphaCore Capital LLC now owns 144,264 shares of the financial services provider’s stock worth $1,049,000 after purchasing an additional 120,680 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Nomura by 37.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 236,717 shares of the financial services provider’s stock valued at $1,721,000 after purchasing an additional 63,994 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new position in shares of Nomura during the 3rd quarter valued at about $768,000. M&T Bank Corp lifted its position in Nomura by 254.7% in the 4th quarter. M&T Bank Corp now owns 126,114 shares of the financial services provider’s stock worth $1,058,000 after buying an additional 90,559 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in Nomura in the third quarter worth approximately $768,000. Institutional investors own 15.14% of the company’s stock.

Nomura Company Profile

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.