Nomura (NYSE:NMR) Shares Gap Down – Time to Sell?

Nomura Holdings, Inc. (NYSE:NMR)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $6.61, but opened at $6.44. Nomura shares last traded at $6.43, with a volume of 136,987 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised Nomura from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th.

Nomura Stock Performance

The company has a market cap of $19.00 billion, a P/E ratio of 9.14, a PEG ratio of 0.30 and a beta of 0.60. The company has a quick ratio of 1.11, a current ratio of 1.17 and a debt-to-equity ratio of 7.52. The company has a 50 day moving average price of $6.50 and a 200-day moving average price of $5.94.

Nomura (NYSE:NMR) last released its earnings results on Wednesday, February 5th. The financial services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. Nomura had a net margin of 7.96% and a return on equity of 9.19%. Equities analysts expect that Nomura Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Institutional Trading of Nomura

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Nomura during the third quarter worth about $25,000. R Squared Ltd acquired a new position in shares of Nomura in the 4th quarter worth approximately $26,000. Adero Partners LLC bought a new stake in shares of Nomura in the 4th quarter worth approximately $59,000. Savant Capital LLC acquired a new stake in Nomura during the fourth quarter valued at approximately $59,000. Finally, Cannell & Spears LLC acquired a new stake in Nomura during the fourth quarter valued at approximately $73,000. Institutional investors own 15.14% of the company’s stock.

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.