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

Nomura Research Institute (OTCMKTS:NRILY) shares gapped up before the market opened on Monday . The stock had previously closed at $26.10, but opened at $28.78. Nomura Research Institute shares last traded at $29.02, with a volume of 9,919 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. One 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 company presently has an average rating of “Moderate Buy”.

Nomura Research Institute Trading Up 6.0%

The company’s 50-day moving average price is $28.84 and its 200 day moving average price is $30.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $16.48 billion, a PE ratio of 130.59, a price-to-earnings-growth ratio of 1.56 and a beta of 0.70.

Nomura Research Institute (OTCMKTS:NRILY) last announced its earnings results on Friday, April 24th. The company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of $31.34 by ($32.10). Nomura Research Institute had a net margin of 2.33% and a return on equity of 4.03%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $227 billion. On average, sell-side analysts forecast that Nomura Research Institute will post 1.39 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.