Citigroup Upgrades Nomura Research Institute (OTCMKTS:NRILY) to “Hold”

Nomura Research Institute (OTCMKTS:NRILY) was upgraded by stock analysts at Citigroup from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Separately, Zacks Research cut Nomura Research Institute from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Nomura Research Institute Price Performance

Nomura Research Institute stock traded up $3.35 during mid-day trading on Wednesday, reaching $41.88. The company had a trading volume of 52,024 shares, compared to its average volume of 495,407. The business has a fifty day simple moving average of $38.43 and a 200 day simple moving average of $39.11. The company has a market cap of $24.34 billion, a P/E ratio of 35.19 and a beta of 0.71. Nomura Research Institute has a fifty-two week low of $27.00 and a fifty-two week high of $43.20. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.49.

Nomura Research Institute (OTCMKTS:NRILY) last announced 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 net margin of 12.96% and a return on equity of 23.29%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. On average, equities research analysts predict that Nomura Research Institute will post 1.04 earnings per share 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.