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

Nomura Research Institute (OTCMKTS:NRILY – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $28.45, but opened at $25.8350. Nomura Research Institute shares last traded at $25.4750, with a volume of 6,527 shares traded.

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 report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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Nomura Research Institute Stock Performance

The firm has a market cap of $15.34 billion, a PE ratio of 121.59, a PEG ratio of 1.49 and a beta of 0.69. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.49. The firm’s 50 day simple moving average is $29.03 and its 200 day simple moving average is $31.07.

Nomura Research Institute (OTCMKTS:NRILY – Get Free Report) last issued its quarterly earnings data on Friday, April 24th. The company reported ($0.76) earnings per share 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 firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $227 billion. On average, research analysts forecast that Nomura Research Institute will post 1.4 EPS for the current fiscal year.

About Nomura Research Institute

(Get Free Report)

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.

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