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

Nomura Research Institute (OTCMKTS:NRILY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $26.53, but opened at $28.50. Nomura Research Institute shares last traded at $29.17, with a volume of 4,509 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NRILY shares. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Jefferies Financial Group upgraded Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Nomura Research Institute Trading Down 4.2%

The business has a 50 day simple moving average of $27.91 and a 200-day simple moving average of $35.01. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.71 and a beta of 0.70.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. The company had revenue of $1.33 billion during the quarter. Research analysts predict 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.