Nomura Research Institute (OTCMKTS:NRILY) Sees Large Volume Increase – Still a Buy?

Nomura Research Institute (OTCMKTS:NRILY) shares saw unusually-high trading volume on Monday . Approximately 228,793 shares were traded during trading, an increase of 39% from the previous session’s volume of 164,430 shares.The stock last traded at $24.35 and had previously closed at $24.64.

Analysts Set New Price Targets

NRILY has been the topic of a number of recent research reports. Zacks Research upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Citigroup upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Nomura Research Institute Price Performance

The company has a quick ratio of 1.84, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $13.96 billion, a PE ratio of 19.52, a PEG ratio of 1.66 and a beta of 0.70. The stock has a 50-day moving average price of $34.87 and a 200 day moving average price of $37.70.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $1.33 billion for the quarter. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. Equities analysts forecast that Nomura Research Institute will post 1.04 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.