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

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped up prior to trading on Friday . The stock had previously closed at $31.52, but opened at $33.03. Nomura Research Institute shares last traded at $32.82, with a volume of 11,906 shares changing hands.

Analysts Set New Price Targets

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

Nomura Research Institute Price Performance

The firm has a market cap of $18.41 billion, a P/E ratio of 142.61 and a beta of 0.71. The stock’s 50-day moving average is $30.41 and its 200-day moving average is $28.84. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.49.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $1.32 billion during 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%. As a group, equities analysts anticipate that Nomura Research Institute will post 1.38 EPS 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.