Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Here’s What Happened

Shares of Nomura Research Institute (OTCMKTS:NRILYGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $28.65, but opened at $31.3810. Nomura Research Institute shares last traded at $31.3810, with a volume of 594 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on NRILY

Nomura Research Institute Stock Performance

The firm has a 50-day moving average of $28.65 and a 200-day moving average of $30.33. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 142.73, a P/E/G ratio of 1.81 and a beta of 0.71.

Nomura Research Institute (OTCMKTS:NRILYGet Free Report) last announced its quarterly earnings results on Friday, April 24th. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $31.34 by ($32.10). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $227 billion. Nomura Research Institute had a return on equity of 4.03% and a net margin of 2.33%. As a group, sell-side analysts predict that Nomura Research Institute will post 1.39 earnings per share for the current year.

About Nomura Research Institute

(Get Free Report)

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.

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