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

Nomura Research Institute (OTCMKTS:NRILY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $32.17, but opened at $29.55. Nomura Research Institute shares last traded at $29.5850, with a volume of 9,709 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on NRILY shares. Jefferies Financial Group upgraded shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Nomura Research Institute currently has an average rating of “Moderate Buy”.

Nomura Research Institute Stock Down 10.8%

The firm has a market capitalization of $16.45 billion, a PE ratio of 23.33, a P/E/G ratio of 1.82 and a beta of 0.70. The business’s fifty day moving average price is $27.36 and its 200 day moving average price is $34.05.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $1.33 billion during the quarter. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. As a group, sell-side analysts forecast that Nomura Research Institute will post 1.16 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.