Nomura Research Institute (OTCMKTS:NRILY) Sees Large Volume Increase – Here’s What Happened

Nomura Research Institute (OTCMKTS:NRILY) shares saw unusually-high trading volume on Monday . Approximately 455,181 shares traded hands during trading, an increase of 517% from the previous session’s volume of 73,723 shares.The stock last traded at $27.13 and had previously closed at $27.18.

Wall Street Analysts Forecast Growth

NRILY has been the topic of a number of recent research reports. Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Nomura Research Institute Price Performance

The stock has a market cap of $15.51 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 1.83 and a beta of 0.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.84 and a current ratio of 1.72. The company has a 50-day simple moving average of $37.55 and a two-hundred day simple moving average of $38.63.

Nomura Research Institute (OTCMKTS:NRILY) last issued its earnings results on Thursday, January 29th. The company reported $0.34 earnings per share 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 22.82%. The business had revenue of $1.33 billion for the quarter. As a group, equities research analysts forecast 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.