Nomura Research Institute (OTCMKTS:NRILY) Trading 5% Higher – Still a Buy?

Nomura Research Institute (OTCMKTS:NRILY)’s stock price was up 5% during trading on Tuesday . The stock traded as high as $33.5850 and last traded at $33.5850. Approximately 177 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 87,362 shares. The stock had previously closed at $32.00.

Wall Street Analysts Forecast Growth

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

Nomura Research Institute Trading Down 1.8%

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.56. The company has a market cap of $18.74 billion, a P/E ratio of 145.22 and a beta of 0.71. The firm’s 50 day moving average is $31.48 and its two-hundred day moving average is $29.41.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.38%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $206.14 billion. As a group, equities research analysts anticipate that Nomura Research Institute will post 1.38 EPS for the current year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (OTCMKTS:NRILY) is a Japanese consulting and information technology services company headquartered in Tokyo. The company helps businesses and government organizations address strategic, operational and technology-related challenges through management consulting, digital transformation services and systems integration.

NRI’s business includes financial IT solutions for banks, securities firms, asset managers and other financial institutions, as well as industrial IT solutions for companies in sectors such as retail, manufacturing and telecommunications.