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

Nomura Research Institute (OTCMKTS:NRILY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $30.29, but opened at $32.97. Nomura Research Institute shares last traded at $32.84, with a volume of 1,898 shares changing hands.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Nomura Research Institute has an average rating of “Hold”.

Nomura Research Institute Trading Up 3.9%

The firm has a market cap of $18.48 billion, a price-to-earnings ratio of 149.70, a P/E/G ratio of 1.74 and a beta of 0.71. The firm’s 50-day moving average is $29.68 and its 200-day moving average is $29.56. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.49.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings data on Friday, April 24th. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $31.34 by ($32.10). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $227 billion. Nomura Research Institute had a return on equity of 4.03% and a net margin of 2.33%. As a group, sell-side analysts anticipate that Nomura Research Institute will post 1.39 EPS 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.