Nomura Research Institute (OTCMKTS:NRILY) Sees Large Volume Increase – Here’s What Happened

Nomura Research Institute (OTCMKTS:NRILY) shares saw unusually-strong trading volume on Wednesday . Approximately 502,806 shares were traded during trading, an increase of 458% from the previous session’s volume of 90,068 shares.The stock last traded at $38.84 and had previously closed at $38.89.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Nomura Research Institute from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nomura Research Institute Price Performance

The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.49. The company’s fifty day moving average price is $38.43 and its 200 day moving average price is $39.09. The company has a market capitalization of $22.53 billion, a P/E ratio of 32.57 and a beta of 0.71.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter. Nomura Research Institute had a return on equity of 23.29% and a net margin of 12.96%.The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. As a group, sell-side analysts forecast that Nomura Research Institute will post 1.04 EPS for the current year.

About Nomura Research Institute

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.