Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – What’s Next?

Nomura Research Institute (OTCMKTS:NRILY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $41.1650, but opened at $37.60. Nomura Research Institute shares last traded at $38.99, with a volume of 1,245 shares.

Analysts Set New Price Targets

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

Nomura Research Institute Stock Performance

The stock has a market cap of $22.57 billion, a P/E ratio of 32.63 and a beta of 0.71. The stock has a fifty day simple moving average of $38.43 and a 200-day simple moving average 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.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.33 EPS for the quarter. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Nomura Research Institute had a return on equity of 23.29% and a net margin of 12.96%. Equities analysts expect 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. 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.