Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Should You Buy?

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped up before the market opened on Thursday . The stock had previously closed at $30.35, but opened at $31.9850. Nomura Research Institute shares last traded at $31.7860, with a volume of 2,278 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. Zacks Research cut 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 given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Nomura Research Institute Stock Up 3.8%

The business’s 50 day simple moving average is $29.12 and its 200 day simple moving average is $29.99. The company has a market capitalization of $17.67 billion, a PE ratio of 143.14, a price-to-earnings-growth ratio of 1.77 and a beta of 0.71. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.49.

Nomura Research Institute (OTCMKTS:NRILY) last released its earnings results on Friday, April 24th. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $31.34 by ($32.10). Nomura Research Institute had a return on equity of 4.03% and a net margin of 2.33%.The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $227 billion. As a group, analysts forecast that Nomura Research Institute will post 1.39 EPS 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.