Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Here’s Why

Nomura Research Institute (OTCMKTS:NRILY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $26.50, but opened at $27.60. Nomura Research Institute shares last traded at $27.42, with a volume of 8,987 shares traded.

Analysts Set New Price Targets

Several analysts recently weighed in on NRILY shares. Citigroup raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Zacks Research raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Nomura Research Institute has a consensus rating of “Hold”.

Nomura Research Institute Stock Performance

The firm has a 50 day moving average of $32.49 and a two-hundred day moving average of $36.77. The stock has a market cap of $15.98 billion, a PE ratio of 22.35, a PEG ratio of 1.86 and a beta of 0.73. 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 results on Thursday, January 29th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $1.33 billion for the quarter. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. Research analysts predict that Nomura Research Institute will post 1.04 EPS for the current fiscal year.

Nomura Research Institute Company Profile

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.