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

Nomura Research Institute (OTCMKTS:NRILY) gapped up before the market opened on Thursday. The stock had previously closed at $37.71, but opened at $39.87. Nomura Research Institute shares last traded at $39.87, with a volume of 313 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. One 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 stock has a consensus rating of “Moderate Buy”.

Nomura Research Institute Trading Down 1.9%

The firm has a 50-day moving average of $33.28 and a 200 day moving average of $30.85. The company has a market cap of $22.04 billion, a P/E ratio of 170.75 and a beta of 0.75. 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, July 30th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Nomura Research Institute had a return on equity of 4.38% and a net margin of 2.41%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $206.14 billion. On average, analysts predict that Nomura Research Institute will post 1.38 earnings per share for the current fiscal year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Japan-based consulting and information technology services company. It provides management consulting, technology consulting, systems integration, and digital transformation services to corporations, financial institutions, and government organizations.

NRI develops and operates technology platforms and business systems for sectors including securities, banking, insurance, retail, manufacturing, and public services. Its offerings include application development, cloud and data-center services, cybersecurity, information management, and managed technology operations.