Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Still a Buy?

Nomura Research Institute (OTCMKTS:NRILY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $26.69, but opened at $28.50. Nomura Research Institute shares last traded at $28.2575, with a volume of 1,166,240 shares trading hands.

Analyst Ratings Changes

NRILY has been the topic of several research reports. Citigroup raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Zacks Research downgraded Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nomura Research Institute presently has a consensus rating of “Reduce”.

Nomura Research Institute Stock Performance

The business’s fifty day moving average is $37.28 and its two-hundred day moving average is $38.55. 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 company has a market capitalization of $16.37 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.83 and a beta of 0.70.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Nomura Research Institute had a return on equity of 22.82% and a net margin of 13.17%.The firm had revenue of $1.33 billion for the quarter. Equities research analysts predict 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.