Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Here’s Why

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $23.33, but opened at $24.80. Nomura Research Institute shares last traded at $24.6999, with a volume of 168,004 shares traded.

Analyst Upgrades and Downgrades

NRILY has been the subject of a number of research analyst reports. Zacks Research upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Nomura Research Institute Stock Up 5.9%

The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.84. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.62 and a beta of 0.70. The business has a fifty day moving average price of $34.23 and a two-hundred day moving average price of $37.44.

Nomura Research Institute (OTCMKTS:NRILY) last issued its earnings results on Thursday, January 29th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Nomura Research Institute had a return on equity of 22.45% and a net margin of 13.17%.The firm had revenue of $1.33 billion for the quarter. On average, equities analysts expect that Nomura Research Institute will post 1.04 earnings per share for the current 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.