Nomura Research Institute (OTCMKTS:NRILY) Reaches New 52-Week Low – Should You Sell?

Nomura Research Institute (OTCMKTS:NRILY)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $25.5001 and last traded at $26.72, with a volume of 14974 shares traded. The stock had previously closed at $27.13.

Wall Street Analysts Forecast Growth

NRILY has been the topic of several recent analyst reports. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Zacks Research cut Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Nomura Research Institute currently has a consensus rating of “Reduce”.

Nomura Research Institute Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.84. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.88 and a beta of 0.70. The business’s fifty day moving average price is $36.53 and its 200-day moving average price is $38.34.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $1.33 billion during the quarter. Nomura Research Institute had a return on equity of 22.82% and a net margin of 13.17%. On average, research analysts forecast that Nomura Research Institute will post 1.04 EPS for the current 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.