Nomura Research Institute (OTCMKTS:NRILY) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Nomura Research Institute (OTCMKTS:NRILY) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Nomura Research Institute Stock Up 3.2%

OTCMKTS NRILY traded up $1.29 on Wednesday, hitting $41.17. The stock had a trading volume of 88,378 shares, compared to its average volume of 89,200. The business’s fifty day moving average price is $38.34 and its 200 day moving average price is $39.03. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.84 and a quick ratio of 1.84. Nomura Research Institute has a 52-week low of $27.00 and a 52-week high of $43.20. The stock has a market cap of $23.93 billion, a price-to-earnings ratio of 34.59 and a beta of 0.71.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.33 EPS for the quarter. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Nomura Research Institute had a net margin of 12.96% and a return on equity of 23.29%. Equities research analysts anticipate that Nomura Research Institute will post 1.04 earnings per share for the current year.

About Nomura Research Institute

Nomura Research Institute, Ltd. provides consulting, financial information technology (IT) solution, industrial IT solution, and IT platform services in Japan and internationally. Its Consulting segment offers management, operational, and system consulting services for enterprises and government agencies.