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

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $31.55, but opened at $33.66. Nomura Research Institute shares last traded at $33.66, with a volume of 365 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research note 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Nomura Research Institute Stock Up 5.9%

The company has a market capitalization of $19.01 billion, a P/E ratio of 147.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50 day moving average of $31.42 and a 200-day moving average of $29.33.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.32 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $206.14 billion. As a group, equities analysts anticipate that Nomura Research Institute will post 1.38 EPS for the current year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (OTCMKTS:NRILY) is a Japanese consulting and information technology services company headquartered in Tokyo. The company helps businesses and government organizations address strategic, operational and technology-related challenges through management consulting, digital transformation services and systems integration.

NRI’s business includes financial IT solutions for banks, securities firms, asset managers and other financial institutions, as well as industrial IT solutions for companies in sectors such as retail, manufacturing and telecommunications.