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

Nomura Research Institute (OTCMKTS:NRILY) shares gapped up before the market opened on Friday . The stock had previously closed at $38.53, but opened at $40.76. Nomura Research Institute shares last traded at $40.70, with a volume of 7,070 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Nomura Research Institute from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Nomura Research Institute presently has a consensus rating of “Hold”.

Nomura Research Institute Stock Performance

The stock has a 50-day moving average price of $38.38 and a 200 day moving average price of $39.08. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 34.13 and a beta of 0.71.

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

About Nomura Research Institute

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.