Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – Time to Sell?

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped down prior to trading on Monday . The stock had previously closed at $37.66, but opened at $36.5001. Nomura Research Institute shares last traded at $37.7999, with a volume of 3,811 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NRILY. Zacks Research lowered shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Nomura Research Institute Trading Up 0.1%

The company has a quick ratio of 1.84, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $21.90 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 2.54 and a beta of 0.70. The firm’s 50-day simple moving average is $39.21 and its 200-day simple moving average is $38.91.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Analysts anticipate that Nomura Research Institute will post 1.04 EPS for the current 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.