Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – Should You Sell?

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped down prior to trading on Tuesday . The stock had previously closed at $24.01, but opened at $22.73. Nomura Research Institute shares last traded at $23.22, with a volume of 76,508 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NRILY shares. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Zacks Research raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Nomura Research Institute Trading Down 2.8%

The firm has a market cap of $13.57 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70. The company has a current ratio of 2.08, a quick ratio of 1.84 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average price is $34.55 and its two-hundred day moving average price is $37.57.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $1.33 billion during the quarter. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. As a group, sell-side analysts predict that Nomura Research Institute will post 1.04 EPS for the current fiscal 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.