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

Nomura Research Institute (OTCMKTS:NRILY) shares gapped up before the market opened on Friday . The stock had previously closed at $29.05, but opened at $31.95. Nomura Research Institute shares last traded at $32.11, with a volume of 9,306 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NRILY shares. Zacks Research raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Jefferies Financial Group raised shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research 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 stock. Based on data from MarketBeat, Nomura Research Institute presently has a consensus rating of “Moderate Buy”.

Nomura Research Institute Trading Up 11.6%

The stock has a market capitalization of $18.59 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.89 and a beta of 0.70. The firm’s fifty day moving average price is $27.40 and its two-hundred day moving average price is $34.02.

Nomura Research Institute (OTCMKTS:NRILY) last posted its earnings results on Friday, April 24th. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $31.34 by ($32.10). Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. As a group, sell-side analysts anticipate 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.