Nomura Research Institute (OTCMKTS:NRILY) Issues Quarterly Earnings Results

Nomura Research Institute (OTCMKTS:NRILY) released its earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03), Zacks reports. Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.38%.

Nomura Research Institute Stock Performance

OTCMKTS NRILY traded down $0.62 during trading on Thursday, hitting $38.31. 6,016 shares of the company’s stock traded hands, compared to its average volume of 76,238. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $21.50 billion, a price-to-earnings ratio of 166.57 and a beta of 0.75. Nomura Research Institute has a 12-month low of $22.73 and a 12-month high of $42.93. The business has a 50 day moving average of $33.76 and a 200-day moving average of $30.62.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Nomura Research Institute

Nomura Research Institute, Ltd. (NRI) is a Japan-based consulting and information technology services company. It provides management consulting, technology consulting, systems integration, and digital transformation services to corporations, financial institutions, and government organizations.

NRI develops and operates technology platforms and business systems for sectors including securities, banking, insurance, retail, manufacturing, and public services. Its offerings include application development, cloud and data-center services, cybersecurity, information management, and managed technology operations.