Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – Here’s What Happened

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $32.1650, but opened at $30.52. Nomura Research Institute shares last traded at $30.49, with a volume of 721 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Nomura Research Institute Price Performance

The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average price is $29.96 and its 200-day moving average price is $28.74. The stock has a market cap of $16.99 billion, a P/E ratio of 131.61, a PEG ratio of 1.85 and a beta of 0.71.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $206.14 billion. Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.11%. Analysts forecast that Nomura Research Institute will post 1.38 earnings per share 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.