Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Should You Buy?

Nomura Research Institute (OTCMKTS:NRILY) shares gapped up before the market opened on Friday . The stock had previously closed at $39.88, but opened at $41.29. Nomura Research Institute shares last traded at $41.29, with a volume of 68,724 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Nomura Research Institute from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Nomura Research Institute Price Performance

The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $38.34 and a two-hundred day simple moving average of $39.03. The stock has a market capitalization of $23.91 billion, a price-to-earnings ratio of 34.57 and a beta of 0.71.

Nomura Research Institute (OTCMKTS:NRILY) last released its earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. Nomura Research Institute had a return on equity of 23.29% and a net margin of 12.96%.The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. As a group, research analysts predict that Nomura Research Institute will post 1.04 earnings per share for the current fiscal year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. provides consulting, financial information technology (IT) solution, industrial IT solution, and IT platform services in Japan and internationally. Its Consulting segment offers management, operational, and system consulting services for enterprises and government agencies.