Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down Following Weak Earnings

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped down prior to trading on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $33.7350, but opened at $31.05. Nomura Research Institute shares last traded at $31.8750, with a volume of 6,552 shares changing hands.

The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Nomura Research Institute had a net margin of 2.33% and a return on equity of 4.03%.

Analyst Upgrades and Downgrades

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

Nomura Research Institute Stock Down 5.5%

The firm’s 50-day moving average price is $29.82 and its 200 day moving average price is $29.48. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $17.89 billion, a price-to-earnings ratio of 144.89, a PEG ratio of 1.89 and a beta of 0.71.

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.