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

Nomura Research Institute (OTCMKTS:NRILY)’s stock price gapped up before the market opened on Wednesday. The stock had previously closed at $31.4650, but opened at $32.49. Nomura Research Institute shares last traded at $32.49, with a volume of 210 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Nomura Research Institute presently has an average rating of “Hold”.

Nomura Research Institute Price Performance

The company has a market cap of $18.29 billion, a price-to-earnings ratio of 141.67 and a beta of 0.75. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $31.85 and a 200 day moving average price of $30.01.

Nomura Research Institute (OTCMKTS:NRILY) last issued its earnings results on Thursday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Nomura Research Institute had a return on equity of 4.38% and a net margin of 2.41%.The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $206.14 billion. As a group, research analysts expect that Nomura Research Institute will post 1.38 earnings per share for the current fiscal year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Japanese information technology and consulting company that provides business strategy, systems integration, and technology services. The company works with financial institutions, corporations, and government organizations to support digital transformation, business process improvement, and the development of technology-based services.

NRI’s offerings include management and systems consulting, financial information technology solutions, industrial and enterprise IT solutions, cloud and other technology platforms, and business process outsourcing.