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

Nomura Research Institute (OTCMKTS:NRILY) shares saw unusually-strong trading volume on Wednesday . Approximately 182,775 shares changed hands during mid-day trading, an increase of 3% from the previous session’s volume of 178,247 shares.The stock last traded at $26.45 and had previously closed at $27.42.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Citigroup upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Nomura Research Institute Price Performance

The company has a quick ratio of 1.84, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. The firm has a market cap of $15.29 billion, a P/E ratio of 21.39, a PEG ratio of 1.93 and a beta of 0.73. The business has a fifty day moving average of $31.86 and a 200 day moving average of $36.41.

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