Nomura Research Institute (OTCMKTS:NRILY) Shares Up 7.6% – Here’s What Happened

Nomura Research Institute (OTCMKTS:NRILY) shares were up 7.6% during trading on Wednesday . The company traded as high as $31.2250 and last traded at $31.2250. Approximately 194 shares were traded during trading, a decline of 100% from the average daily volume of 160,443 shares. The stock had previously closed at $29.03.

Analyst Ratings Changes

A number of research analysts have recently commented on NRILY shares. 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. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Nomura Research Institute Stock Performance

The company’s 50-day moving average price is $26.91 and its two-hundred day moving average price is $34.31. The stock has a market cap of $17.88 billion, a PE ratio of 25.34, a PEG ratio of 1.71 and a beta of 0.70.

Nomura Research Institute (OTCMKTS:NRILY) last issued its earnings results on Thursday, January 29th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts forecast that Nomura Research Institute will post 1.04 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.