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

Nomura Research Institute (OTCMKTS:NRILY) 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 trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Nomura Research Institute Stock Performance

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

Nomura Research Institute (OTCMKTS:NRILY) last announced its 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 analysts’ expectations of $227 billion. Nomura Research Institute had a net margin of 2.33% and a return on equity of 4.03%. As a group, research analysts predict that Nomura Research Institute will post 1.4 EPS for the current fiscal 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.