Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Here’s What Happened

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped up before the market opened on Friday. The stock had previously closed at $35.35, but opened at $37.50. Nomura Research Institute shares last traded at $38.2999, with a volume of 1,971 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Nomura Research Institute Price Performance

The business’s 50-day simple moving average is $32.46 and its 200 day simple moving average is $30.43. The company has a market capitalization of $21.12 billion, a P/E ratio of 163.65 and a beta of 0.75. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.56.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Nomura Research Institute had a return on equity of 4.38% and a net margin of 2.41%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $206.14 billion. As a group, sell-side analysts anticipate that Nomura Research Institute will post 1.38 EPS for the current year.

About Nomura Research Institute

Nomura Research Institute, Ltd. (NRI) is a Japanese information technology and consulting company that provides business strategy, systems integration, and technology services. The company works with financial institutions, corporations, and government organizations to support digital transformation, business process improvement, and the development of technology-based services.

NRI’s offerings include management and systems consulting, financial information technology solutions, industrial and enterprise IT solutions, cloud and other technology platforms, and business process outsourcing.