Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – What’s Next?

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped down before the market opened on Tuesday . The stock had previously closed at $27.22, but opened at $26.05. Nomura Research Institute shares last traded at $27.18, with a volume of 330,480 shares.

Analyst Ratings Changes

Several research analysts have weighed in on NRILY shares. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Nomura Research Institute has an average rating of “Hold”.

Nomura Research Institute Price Performance

The company has a current ratio of 2.08, a quick ratio of 1.84 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $30.94 and a 200 day moving average of $36.05. The firm has a market capitalization of $15.79 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.80 and a beta of 0.73.

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