Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Still a Buy?

Nomura Research Institute (OTCMKTS:NRILY) shares gapped up prior to trading on Wednesday. The stock had previously closed at $31.4650, but opened at $32.49. Nomura Research Institute shares last traded at $32.49, with a volume of 210 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Nomura Research Institute has a consensus rating of “Hold”.

Nomura Research Institute Price Performance

The company has a market cap of $18.29 billion, a PE ratio of 141.67 and a beta of 0.75. The stock has a fifty day moving average price of $31.85 and a 200-day moving average price of $30.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.62 and a quick ratio of 1.62.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $206.14 billion. Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.38%. On average, equities analysts expect that Nomura Research Institute will post 1.38 earnings per share for the current year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Japanese information technology and consulting company that provides business strategy, systems integration, and technology services. The company works with financial institutions, corporations, and government organizations to support digital transformation, business process improvement, and the development of technology-based services.

NRI’s offerings include management and systems consulting, financial information technology solutions, industrial and enterprise IT solutions, cloud and other technology platforms, and business process outsourcing.