Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – Here’s What Happened

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $40.39, but opened at $38.91. Nomura Research Institute shares last traded at $38.91, with a volume of 1,466 shares traded.

Analysts Set New Price Targets

NRILY has been the topic of several recent analyst reports. Zacks Research lowered shares of Nomura Research Institute from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Citigroup raised Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Nomura Research Institute Stock Performance

The company has a market cap of $22.77 billion, a price-to-earnings ratio of 32.92 and a beta of 0.72. The firm’s 50 day simple moving average is $38.63 and its 200-day simple moving average is $39.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.84 and a current ratio of 1.72.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. On average, sell-side analysts predict that Nomura Research Institute will post 1.04 EPS for the current year.

About Nomura Research Institute

Nomura Research Institute, Ltd. provides consulting, financial information technology (IT) solution, industrial IT solution, and IT platform services in Japan and internationally. Its Consulting segment offers management, operational, and system consulting services for enterprises and government agencies.