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

Nomura Research Institute (OTCMKTS:NRILY) gapped up prior to trading on Thursday . The stock had previously closed at $30.35, but opened at $31.9850. Nomura Research Institute shares last traded at $31.7860, with a volume of 2,278 shares trading hands.

Wall Street Analysts Forecast Growth

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

Nomura Research Institute Stock Down 0.5%

The firm has a 50-day simple moving average of $29.27 and a 200 day simple moving average of $29.95. The company has a market capitalization of $17.59 billion, a PE ratio of 142.45, a price-to-earnings-growth ratio of 1.81 and a beta of 0.71. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.84 and a quick ratio of 1.84.

Nomura Research Institute (OTCMKTS:NRILY) last issued its earnings results 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 analysts’ expectations of $227 billion. Nomura Research Institute had a return on equity of 4.03% and a net margin of 2.33%. On average, research analysts predict that Nomura Research Institute will post 1.39 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.