Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – Time to Sell?

Nomura Research Institute (OTCMKTS:NRILY) gapped down prior to trading on Tuesday . The stock had previously closed at $24.01, but opened at $22.73. Nomura Research Institute shares last traded at $23.22, with a volume of 76,508 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NRILY shares. Zacks Research raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Citigroup upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Nomura Research Institute Stock Down 2.8%

The business’s fifty day simple moving average is $34.55 and its 200 day simple moving average is $37.57. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.66 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.

Nomura Research Institute (OTCMKTS:NRILY) last posted 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. Nomura Research Institute had a return on equity of 22.45% and a net margin of 13.17%.The business had revenue of $1.33 billion for the quarter. Equities analysts forecast that Nomura Research Institute will post 1.04 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.