Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down Following Analyst Downgrade

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped down prior to trading on Monday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $39.31, but opened at $38.1430. Nomura Research Institute shares last traded at $38.19, with a volume of 3,185 shares trading hands.

Separately, Citigroup raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Nomura Research Institute presently has a consensus rating of “Reduce”.

Nomura Research Institute Stock Performance

The company has a current ratio of 1.72, a quick ratio of 1.84 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average price is $39.01 and its 200-day moving average price is $39.09. The firm has a market cap of $22.30 billion, a price-to-earnings ratio of 32.24 and a beta of 0.72.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Analysts expect that Nomura Research Institute will post 1.04 earnings per share for the current year.

About Nomura Research Institute

Nomura Research Institute, Ltd. (NRI) is a Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.

NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.