Nomura Research Institute (OTCMKTS:NRILY) Stock Jumps 4.2% – Here’s Why

Nomura Research Institute (OTCMKTS:NRILY)’s share price traded up 4.2% during trading on Wednesday. The company traded as high as $33.61 and last traded at $33.61. 2,166 shares traded hands during trading, a decline of 97% from the average session volume of 84,543 shares. The stock had previously closed at $32.25.

Analyst Ratings Changes

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

Nomura Research Institute Trading Down 1.5%

The company’s 50 day moving average price is $31.72 and its two-hundred day moving average price is $29.74. The firm has a market cap of $17.73 billion, a PE ratio of 137.35 and a beta of 0.71. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.56.

Nomura Research Institute (OTCMKTS:NRILY) last released its 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 business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $206.14 billion. As a group, sell-side analysts forecast 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.