Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – What’s Next?

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped up before the market opened on Thursday . The stock had previously closed at $28.61, but opened at $30.35. Nomura Research Institute shares last traded at $30.35, with a volume of 805 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NRILY shares. Zacks Research upgraded 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 research 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Nomura Research Institute Stock Up 1.7%

The firm has a fifty day simple moving average of $28.26 and a 200-day simple moving average of $32.54. The company has a market capitalization of $17.38 billion, a P/E ratio of 137.77, a P/E/G ratio of 1.63 and a beta of 0.64.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings data on Friday, April 24th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $31.34 by ($32.10). Nomura Research Institute had a return on equity of 4.03% and a net margin of 2.33%.The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $227 billion. On average, sell-side analysts predict that Nomura Research Institute will post 1.4 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.