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

Nomura Research Institute (OTCMKTS:NRILY) gapped down prior to trading on Tuesday . The stock had previously closed at $38.3950, but opened at $37.1401. Nomura Research Institute shares last traded at $37.1401, with a volume of 9,767 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Zacks Research cut shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Nomura Research Institute Trading Up 0.7%

The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 32.32 and a beta of 0.71. The business’s 50 day moving average price is $39.15 and its two-hundred day moving average price is $39.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.84 and a current ratio of 1.72.

Nomura Research Institute (OTCMKTS:NRILY) last released its earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Nomura Research Institute had a return on equity of 22.63% and a net margin of 12.96%. Equities analysts forecast that Nomura Research Institute will post 1.04 earnings per share for the current fiscal year.

Nomura Research Institute Company Profile

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.