Zacks Research Downgrades Nomura Research Institute (OTCMKTS:NRILY) to Hold

Nomura Research Institute (OTCMKTS:NRILY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Nomura Research Institute Price Performance

Nomura Research Institute stock opened at $39.90 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.84 and a current ratio of 1.84. Nomura Research Institute has a 52 week low of $27.00 and a 52 week high of $43.20. The stock has a market capitalization of $23.19 billion, a P/E ratio of 33.53 and a beta of 0.71. The stock has a fifty day moving average of $38.34 and a 200-day moving average of $39.03.

Nomura Research Institute (OTCMKTS:NRILY) last released its earnings results on Thursday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Nomura Research Institute had a return on equity of 23.29% and a net margin of 12.96%. On average, sell-side analysts expect 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.