Nomura Research Institute (OTCMKTS:NRILY) Sees Large Volume Increase – What’s Next?

Nomura Research Institute (OTCMKTS:NRILY) shares saw unusually-strong trading volume on Tuesday . Approximately 235,366 shares traded hands during mid-day trading, an increase of 51% from the previous session’s volume of 156,099 shares.The stock last traded at $25.8840 and had previously closed at $26.82.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. Citigroup raised Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Nomura Research Institute currently has an average rating of “Reduce”.

Nomura Research Institute Trading Down 4.2%

The stock’s fifty day simple moving average is $36.03 and its 200-day simple moving average is $38.15. The firm has a market cap of $14.94 billion, a PE ratio of 20.90, a PEG ratio of 1.81 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.84.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. The firm had revenue of $1.33 billion for the quarter. On average, sell-side analysts forecast 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.