Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – What’s Next?

Nomura Research Institute (OTCMKTS:NRILY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $29.58, but opened at $27.82. Nomura Research Institute shares last traded at $28.77, with a volume of 1,413 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NRILY. Zacks Research upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Jefferies Financial Group upgraded Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Nomura Research Institute Price Performance

The stock has a 50-day moving average of $28.26 and a 200-day moving average of $32.54. The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 139.95, a P/E/G ratio of 1.63 and a beta of 0.64.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings data on Friday, April 24th. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $31.34 by ($32.10). The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $227 billion. Nomura Research Institute had a net margin of 2.33% and a return on equity of 4.03%. On average, equities analysts expect 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.