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

Nomura Research Institute (OTCMKTS:NRILY) gapped up before the market opened on Thursday . The stock had previously closed at $28.61, but opened at $30.35. Nomura Research Institute shares last traded at $30.35, with a volume of 805 shares trading hands.

Wall Street Analyst Weigh In

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

Nomura Research Institute Trading Up 3.9%

The business has a 50 day simple moving average of $28.44 and a two-hundred day simple moving average of $32.48. The stock has a market cap of $18.34 billion, a price-to-earnings ratio of 145.36, a price-to-earnings-growth ratio of 1.76 and a beta of 0.64.

Nomura Research Institute (OTCMKTS:NRILY) last released 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 4.03% and a net margin of 2.33%.The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $227 billion. Research 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.