Shares of Nomura Holdings Inc. (NYSE:NMR) gapped up before the market opened on Friday . The stock had previously closed at $3.72, but opened at $3.82. Nomura Holdings shares last traded at $3.98, with a volume of 512,096 shares.

NMR has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded shares of Nomura Holdings from a “neutral” rating to an “underweight” rating in a research report on Friday, June 24th. Jefferies Group downgraded shares of Nomura Holdings from an “outperform” rating to a “neutral” rating in a research report on Friday, June 24th. Daiwa Capital Markets downgraded shares of Nomura Holdings from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Morgan Stanley downgraded shares of Nomura Holdings from an “overweight” rating to an “equal” rating in a research report on Friday, July 8th. Finally, Zacks Investment Research downgraded shares of Nomura Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold”.

The company’s 50 day moving average is $3.84 and its 200-day moving average is $4.42. The firm has a market capitalization of $14.24 billion and a PE ratio of 11.25.

Nomura Holdings (NYSE:NMR) last posted its quarterly earnings results on Wednesday, April 27th. The company reported ($5.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.25 by $9.58. The company had revenue of $362.22 billion for the quarter, compared to analysts’ expectations of $315.58 billion. The business’s revenue for the quarter was down 29.0% on a year-over-year basis. Analysts forecast that Nomura Holdings Inc. will post $0.34 earnings per share for the current year.

Other hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Nomura Holdings by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,141,651 shares of the company’s stock valued at $6,336,000 after buying an additional 9,100 shares during the period. Thornburg Investment Management Inc. increased its stake in shares of Nomura Holdings by 9.7% in the fourth quarter. Thornburg Investment Management Inc. now owns 608,790 shares of the company’s stock valued at $3,379,000 after buying an additional 53,616 shares during the period. Finally, Comerica Bank increased its stake in shares of Nomura Holdings by 3.2% in the fourth quarter. Comerica Bank now owns 211,718 shares of the company’s stock valued at $1,097,000 after buying an additional 6,597 shares during the period.

Nomura Holdings, Inc (Nomura) is a Japan-based financial services company. The Company operates through three business segments: Retail, Asset Management and Wholesale. The Retail segment provides investment consultation services to individual clients in Japan. The Asset Management segment develops and manages investment trusts, and provides investment advisory services.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.