Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Time to Buy?

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $30.29, but opened at $32.97. Nomura Research Institute shares last traded at $32.84, with a volume of 1,898 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Nomura Research Institute Stock Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $18.48 billion, a P/E ratio of 149.70, a price-to-earnings-growth ratio of 1.74 and a beta of 0.71. The company’s 50 day moving average price is $29.68 and its 200-day moving average price is $29.56.

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