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

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $26.69, but opened at $28.50. Nomura Research Institute shares last traded at $28.2575, with a volume of 1,166,240 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on NRILY shares. Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research note on Monday, December 22nd. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Nomura Research Institute presently has a consensus rating of “Reduce”.

Nomura Research Institute Stock Up 5.5%

The stock has a fifty day moving average of $37.28 and a two-hundred day moving average of $38.55. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.83 and a beta of 0.70. The company has a quick ratio of 1.84, a current ratio of 1.72 and a debt-to-equity ratio of 0.44.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $1.33 billion for the quarter. Nomura Research Institute had a return on equity of 22.82% and a net margin of 13.17%. As a group, analysts predict that Nomura Research Institute will post 1.04 EPS for the current fiscal 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.