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

Nomura Research Institute (OTCMKTS:NRILY) gapped up before the market opened on Friday. The stock had previously closed at $35.35, but opened at $37.50. Nomura Research Institute shares last traded at $38.2999, with a volume of 1,971 shares.

Analyst Ratings Changes

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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Nomura Research Institute Trading Up 2.6%

The stock has a market capitalization of $21.12 billion, a price-to-earnings ratio of 163.65 and a beta of 0.75. The company has a fifty day moving average of $32.46 and a two-hundred day moving average of $30.43. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.56.

Nomura Research Institute (OTCMKTS:NRILY) last issued its 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 during the quarter, compared to analyst estimates of $206.14 billion. Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.38%. On average, research analysts expect that Nomura Research Institute will post 1.38 EPS for the current year.

About Nomura Research Institute

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.