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

Nomura Research Institute (OTCMKTS:NRILY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $28.45, but opened at $25.8350. Nomura Research Institute shares last traded at $25.4750, with a volume of 6,527 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Nomura Research Institute Stock Down 7.7%

The stock has a market capitalization of $15.04 billion, a P/E ratio of 119.18, a P/E/G ratio of 1.62 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.84 and a current ratio of 1.84. The company’s 50-day moving average price is $29.08 and its 200 day moving average price is $31.27.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings results on Friday, April 24th. The company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of $31.34 by ($32.10). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $227 billion. Nomura Research Institute had a net margin of 2.33% and a return on equity of 4.03%. As a group, equities analysts expect that Nomura Research Institute will post 1.4 earnings per share 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.