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

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $26.41, but opened at $27.23. Nomura Research Institute shares last traded at $27.23, with a volume of 5,501 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NRILY. Jefferies Financial Group upgraded shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. One investment 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 has an average rating of “Moderate Buy”.

Nomura Research Institute Price Performance

The stock has a market capitalization of $15.74 billion, a P/E ratio of 124.73, a PEG ratio of 1.57 and a beta of 0.64. The stock’s fifty day moving average is $27.88 and its 200-day moving average is $33.06.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings data on Friday, April 24th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $31.34 by ($32.10). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $227 billion. Nomura Research Institute had a return on equity of 3.93% and a net margin of 2.33%. On average, research analysts expect that Nomura Research Institute will post 1.4 EPS for the current year.

Nomura Research Institute Company Profile

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.