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

Nomura Research Institute (OTCMKTS:NRILY) gapped up before the market opened on Wednesday. The stock had previously closed at $31.4650, but opened at $32.49. Nomura Research Institute shares last traded at $32.49, with a volume of 210 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Nomura Research Institute currently has a consensus rating of “Hold”.

Nomura Research Institute Stock Performance

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $31.84 and a 200 day moving average of $30.11. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of 147.26 and a beta of 0.75.

Nomura Research Institute (OTCMKTS:NRILY) last issued 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). Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.38%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $206.14 billion. As a group, equities research analysts expect that Nomura Research Institute will post 1.38 EPS for the current fiscal year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Japanese information technology and consulting company that provides business strategy, systems integration, and technology services. The company works with financial institutions, corporations, and government organizations to support digital transformation, business process improvement, and the development of technology-based services.

NRI’s offerings include management and systems consulting, financial information technology solutions, industrial and enterprise IT solutions, cloud and other technology platforms, and business process outsourcing.