Nomura Research Institute (OTCMKTS:NRILY) Trading Up 8% – Here’s Why

Nomura Research Institute (OTCMKTS:NRILY)’s share price was up 8% on Tuesday . The company traded as high as $30.04 and last traded at $29.7201. Approximately 26,009 shares were traded during trading, a decline of 80% from the average daily volume of 131,330 shares. The stock had previously closed at $27.51.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NRILY shares. Jefferies Financial Group raised shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. Zacks Research upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Nomura Research Institute Trading Down 0.7%

The firm has a market capitalization of $16.99 billion, a P/E ratio of 134.68, a P/E/G ratio of 1.70 and a beta of 0.64. The firm has a 50-day moving average of $28.00 and a two-hundred day moving average of $32.82.

Nomura Research Institute (OTCMKTS:NRILY) last posted 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). Nomura Research Institute had a return on equity of 3.93% and a net margin of 2.33%.The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $227 billion. On average, sell-side analysts anticipate that Nomura Research Institute will post 1.4 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.