Nomura Research Institute (OTCMKTS:NRILY) Hits New 12-Month High – Here’s Why

Nomura Research Institute, Ltd. (OTCMKTS:NRILY)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $41.42 and last traded at $40.79, with a volume of 220195 shares traded. The stock had previously closed at $39.61.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Nomura Research Institute from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Nomura Research Institute Price Performance

The business’s 50-day simple moving average is $35.50 and its 200-day simple moving average is $32.69. The stock has a market cap of $23.71 billion, a PE ratio of 38.85 and a beta of 0.66. The company has a quick ratio of 1.97, a current ratio of 1.81 and a debt-to-equity ratio of 0.52.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Nomura Research Institute had a net margin of 11.96% and a return on equity of 21.78%. On average, research analysts expect that Nomura Research Institute, Ltd. will post 1.04 EPS 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.