Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Time to Buy?

Nomura Research Institute (OTCMKTS:NRILY) gapped up prior to trading on Friday . The stock had previously closed at $26.41, but opened at $27.23. Nomura Research Institute shares last traded at $27.23, with a volume of 5,501 shares changing hands.

Analysts Set New Price Targets

Several analysts have issued reports on NRILY shares. Jefferies Financial Group raised shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. Zacks Research raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Nomura Research Institute Stock Performance

The firm’s 50 day simple moving average is $27.88 and its 200-day simple moving average is $33.06. The company has a market capitalization of $15.74 billion, a price-to-earnings ratio of 124.73, a P/E/G ratio of 1.57 and a beta of 0.64.

Nomura Research Institute (OTCMKTS:NRILY) last announced its earnings results on Friday, April 24th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $31.34 by ($32.10). Nomura Research Institute had a net margin of 2.33% and a return on equity of 3.93%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $227 billion. As a group, equities analysts anticipate that Nomura Research Institute will post 1.4 earnings per share 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.