Nomura Research Institute (OTCMKTS:NRILY) Sees Large Volume Increase – Time to Buy?

Nomura Research Institute (OTCMKTS:NRILY) saw strong trading volume on Monday . 228,793 shares were traded during trading, an increase of 39% from the previous session’s volume of 164,430 shares.The stock last traded at $24.35 and had previously closed at $24.64.

Analyst Upgrades and Downgrades

NRILY has been the subject of a number of recent research reports. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Zacks Research raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Nomura Research Institute Stock Down 2.6%

The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.84. The company has a market capitalization of $13.96 billion, a PE ratio of 19.52, a P/E/G ratio of 1.66 and a beta of 0.70. The business’s 50 day simple moving average is $34.87 and its 200 day simple moving average is $37.70.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $1.33 billion for the quarter. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. As a group, analysts anticipate that Nomura Research Institute will post 1.04 earnings per share 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.