Nomura Research Institute (OTCMKTS:NRILY) Sees Large Volume Increase – Here’s Why

Nomura Research Institute (OTCMKTS:NRILY) saw an uptick in trading volume on Tuesday . 235,366 shares traded hands during trading, an increase of 51% from the previous session’s volume of 156,099 shares.The stock last traded at $25.8840 and had previously closed at $26.82.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Zacks Research lowered shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Nomura Research Institute Price Performance

The firm has a market cap of $14.94 billion, a P/E ratio of 20.90, a PEG ratio of 1.81 and a beta of 0.70. 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 firm has a 50-day simple moving average of $36.03 and a 200-day simple moving average of $38.15.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Nomura Research Institute had a return on equity of 22.45% and a net margin of 13.17%.The company had revenue of $1.33 billion for the quarter. As a group, analysts forecast that Nomura Research Institute will post 1.04 EPS for the current 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.