Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – Here’s Why

Nomura Research Institute (OTCMKTS:NRILY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $26.50, but opened at $25.67. Nomura Research Institute shares last traded at $26.67, with a volume of 1,975 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Jefferies Financial Group upgraded shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Nomura Research Institute currently has an average rating of “Moderate Buy”.

Nomura Research Institute Stock Down 2.1%

The company has a quick ratio of 1.84, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 1.85 and a beta of 0.73. The stock has a fifty day moving average price of $28.94 and a two-hundred day moving average price of $35.43.

Nomura Research Institute (OTCMKTS:NRILY) last announced its earnings results on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.33 billion during the quarter. As a group, sell-side analysts expect that Nomura Research Institute will post 1.04 EPS for the current year.

Nomura Research Institute Company Profile

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.