Nomura Research Institute (OTCMKTS:NRILY) Sees Strong Trading Volume – Should You Buy?

Shares of Nomura Research Institute (OTCMKTS:NRILY) saw an uptick in trading volume on Wednesday . 502,806 shares changed hands during mid-day trading, an increase of 458% from the previous session’s volume of 90,068 shares.The stock last traded at $38.84 and had previously closed at $38.89.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Nomura Research Institute from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Nomura Research Institute Stock Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market cap of $22.53 billion, a P/E ratio of 32.57 and a beta of 0.71. The stock has a 50-day simple moving average of $38.43 and a 200-day simple moving average of $39.09.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Nomura Research Institute had a net margin of 12.96% and a return on equity of 23.29%. Research analysts forecast that Nomura Research Institute will post 1.04 earnings per share for the current year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. provides consulting, financial information technology (IT) solution, industrial IT solution, and IT platform services in Japan and internationally. Its Consulting segment offers management, operational, and system consulting services for enterprises and government agencies.