Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – What’s Next?

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $28.77, but opened at $27.76. Nomura Research Institute shares last traded at $27.52, with a volume of 120,693 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NRILY. Citigroup upgraded 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 report on Monday, February 16th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Nomura Research Institute Stock Performance

The firm has a market capitalization of $15.46 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The company has a current ratio of 2.08, a quick ratio of 1.84 and a debt-to-equity ratio of 0.42. The business’s 50 day simple moving average is $31.63 and its two-hundred day simple moving average is $36.34.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $1.33 billion for the quarter. Nomura Research Institute had a return on equity of 22.45% and a net margin of 13.17%. Research analysts expect that Nomura Research Institute will post 1.04 earnings per share for the current fiscal 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.