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Thursday, October 13, 2011

Potentially Oversold Level Reached (NYSE: NMR)

Shares of NMR traded higher by 3.00% or $0.11/share to $3.78. Nomura Holdings Inc. is trading at a price to book ratio of 0.48. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.49 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.84. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 461594 shares of NMR exchange hands on a given day and today's volume is recorded at 185164. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.

Nomura Holdings, Inc. is engaged in the investment and financial services business with a focus on securities business.