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

Nomura Research Institute (OTCMKTS:NRILY) gapped up before the market opened on Monday . The stock had previously closed at $27.57, but opened at $28.6350. Nomura Research Institute shares last traded at $28.89, with a volume of 28,424 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on NRILY shares. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Jefferies Financial Group raised shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Nomura Research Institute Stock Performance

The business has a fifty day simple moving average of $26.93 and a 200 day simple moving average of $34.45. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.62 and a beta of 0.70.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $1.33 billion for the quarter. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. On average, equities research analysts anticipate that Nomura Research Institute will post 1.04 EPS for the current fiscal year.

About Nomura Research Institute

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.