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

Nomura Research Institute (OTCMKTS:NRILYGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $32.1650, but opened at $30.52. Nomura Research Institute shares last traded at $30.49, with a volume of 721 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Check Out Our Latest Report on NRILY

Nomura Research Institute Price Performance

The company has a 50-day moving average of $29.91 and a 200-day moving average of $28.84. 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 firm has a market capitalization of $17.18 billion, a price-to-earnings ratio of 133.09, a price-to-earnings-growth ratio of 1.85 and a beta of 0.71.

Nomura Research Institute (OTCMKTS:NRILYGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.11%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $206.14 billion. As a group, research analysts anticipate that Nomura Research Institute will post 1.39 EPS for the current fiscal year.

Nomura Research Institute Company Profile

(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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