Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Should You Buy?

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $26.50, but opened at $27.60. Nomura Research Institute shares last traded at $27.42, with a volume of 8,987 shares.

Analyst Upgrades and Downgrades

NRILY has been the subject of several research reports. Citigroup raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Zacks Research upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Nomura Research Institute Stock Up 3.7%

The firm has a 50-day moving average of $32.49 and a two-hundred day moving average of $36.77. The company has a quick ratio of 1.84, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $15.98 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.34 EPS for the quarter, beating 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 research analysts predict that Nomura Research Institute will post 1.04 earnings per share for the current fiscal 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.