Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – Here’s Why

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $38.92, but opened at $36.88. Nomura Research Institute shares last traded at $36.88, with a volume of 667 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Nomura Research Institute Trading Down 0.8%

The company has a fifty day simple moving average of $34.96 and a two-hundred day simple moving average of $30.63. The company has a market cap of $20.93 billion, a PE ratio of 149.21 and a beta of 0.69. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.56.

Nomura Research Institute (OTCMKTS:NRILY) last issued its earnings results on Thursday, October 29th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). Nomura Research Institute had a return on equity of 4.78% and a net margin of 2.53%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Analysts anticipate that Nomura Research Institute will post 1.38 EPS for the current year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Japanese consulting and information technology services company. Its work includes management and business consulting, research, systems design and development, and the operation of technology platforms for clients. NRI provides IT solutions to financial institutions, including systems used in securities trading and asset management, and serves companies and public-sector organizations in other industries. Its services also include IT infrastructure, application development, and business process support.