Nomura Research Institute (OTCMKTS:NRILY) Trading Down 1.7% – Time to Sell?

Nomura Research Institute, Ltd. (OTCMKTS:NRILY)’s share price dropped 1.7% on Friday . The stock traded as low as $32.00 and last traded at $32.89. Approximately 34,154 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 54,711 shares. The stock had previously closed at $33.46.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Nomura Research Institute from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Nomura Research Institute Stock Down 1.7 %

The company has a current ratio of 1.81, a quick ratio of 1.97 and a debt-to-equity ratio of 0.52. The firm’s 50 day simple moving average is $33.22 and its two-hundred day simple moving average is $32.44. The firm has a market cap of $19.12 billion, a price-to-earnings ratio of 31.32 and a beta of 0.67.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.30 earnings per share for the quarter. Nomura Research Institute had a net margin of 11.96% and a return on equity of 21.78%. On average, equities analysts forecast that Nomura Research Institute, Ltd. 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.