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

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $31.52, but opened at $33.03. Nomura Research Institute shares last traded at $32.82, with a volume of 11,906 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nomura Research Institute has a consensus rating of “Hold”.

Nomura Research Institute Price Performance

The stock has a fifty day moving average of $30.41 and a two-hundred day moving average of $28.84. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 142.61 and a beta of 0.71.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $206.14 billion. Nomura Research Institute had a return on equity of 4.11% and a net margin of 2.41%. As a group, equities research analysts forecast that Nomura Research Institute will post 1.38 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.