Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Time to Buy?

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped up before the market opened on Friday. The stock had previously closed at $31.59, but opened at $32.85. Nomura Research Institute shares last traded at $32.73, with a volume of 4,595 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Nomura Research Institute Stock Up 2.8%

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $18.22 billion, a PE ratio of 141.15 and a beta of 0.71. The business has a fifty day moving average of $31.72 and a 200-day moving average of $29.74.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Nomura Research Institute had a return on equity of 4.38% and a net margin of 2.41%.The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $206.14 billion. Equities research analysts anticipate that Nomura Research Institute will post 1.38 earnings per share for the current year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (OTCMKTS:NRILY) is a Japanese consulting and information technology services company headquartered in Tokyo. The company helps businesses and government organizations address strategic, operational and technology-related challenges through management consulting, digital transformation services and systems integration.

NRI’s business includes financial IT solutions for banks, securities firms, asset managers and other financial institutions, as well as industrial IT solutions for companies in sectors such as retail, manufacturing and telecommunications.