Nomura Holdings Inc ADR American Depositary Shares (NYSE:NMR) traded at a new 52-week high today of $6.50. Approximately 68,000 shares have changed hands today, as compared to an average 30-day volume of 403,000 shares.
Nomura Holdings Inc is Japan’s largest broker, about twice the size of rival Daiwa Securities and roughly three times the size of the securities units of the three megabanks. It is also the largest asset-management company in Japan, with a similar size differential compared with its rivals. Despite its topnotch brand name in retail broking and asset management in Japan, Nomura has struggled to compete effectively in the institutional securities business against larger global rivals. In 2008, Nomura bought European and Asian assets of the failed Lehman Brothers, which led to a sharply higher cost base but did not provide commensurate revenue. Nomura has reduced the scale of these businesses but maintains its ambition to compete globally with the top players.
Nomura Holdings Inc ADR American Depositary Shares (NYSE:NMR) is currently priced 29.4% above its average consensus analyst price target of $4.58.
Nomura Holdings Inc ADR American Depositary Shares share prices have moved between a 52-week high of $6.50 and a 52-week low of $3.71 and are now trading 75% above that low price at $6.48 per share.
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