Nomura Research Institute (OTCMKTS:NRILY) Trading 8% Higher – Time to Buy?

Nomura Research Institute (OTCMKTS:NRILY)’s share price was up 8% during trading on Tuesday . The company traded as high as $30.04 and last traded at $29.7201. 26,009 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 131,330 shares. The stock had previously closed at $27.51.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NRILY. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Jefferies Financial Group raised shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Nomura Research Institute Price Performance

The company has a 50 day simple moving average of $27.93 and a 200-day simple moving average of $32.93. The firm has a market cap of $17.20 billion, a PE ratio of 136.34, a price-to-earnings-growth ratio of 1.57 and a beta of 0.64.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings results on Friday, April 24th. The company reported ($0.76) EPS for the quarter, missing the consensus estimate of $31.34 by ($32.10). The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $227 billion. Nomura Research Institute had a return on equity of 3.93% and a net margin of 2.33%. On average, sell-side analysts predict that Nomura Research Institute will post 1.4 EPS for the current fiscal year.

Nomura Research Institute Company Profile

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.