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

Nomura Holdings Inc ADR (NYSE:NMR) shares passed 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 trading hands.

Analyst Ratings Changes

Several brokerages have commented on NMR. JPMorgan Chase & Co. upgraded Nomura from a “neutral” rating to an “overweight” rating in a research note 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 equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Nomura Trading Down 0.1%

The firm has a 50 day simple moving average of $8.03 and a 200 day simple moving average of $8.25. The company has a current ratio of 1.08, a quick ratio of 1.13 and a debt-to-equity ratio of 7.38. The firm has a market capitalization of $23.78 billion, a PE ratio of 10.13, a P/E/G ratio of 1.94 and a beta of 0.71.

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

Hedge Funds Weigh In On Nomura

Several hedge funds and other institutional investors have recently modified their holdings of NMR. Fisher Asset Management LLC lifted its holdings in shares of Nomura by 32.4% during the 4th quarter. Fisher Asset Management LLC now owns 13,151,514 shares of the financial services provider’s stock valued at $110,341,000 after buying an additional 3,221,008 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of Nomura by 4,944.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,472,892 shares of the financial services provider’s stock valued at $16,272,000 after buying an additional 2,423,873 shares during the period. Morgan Stanley lifted its holdings in shares of Nomura by 7.0% during the 4th quarter. Morgan Stanley now owns 9,815,360 shares of the financial services provider’s stock valued at $82,351,000 after buying an additional 638,424 shares during the period. Millennium Management LLC lifted its holdings in shares of Nomura by 55.4% during the 4th quarter. Millennium Management LLC now owns 1,451,595 shares of the financial services provider’s stock valued at $12,179,000 after buying an additional 517,250 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Nomura by 27.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock valued at $18,244,000 after buying an additional 491,400 shares during the period. 15.14% of the stock is owned by institutional investors.

About Nomura

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.