Shares of Nomura Research Institute (OTCMKTS:NRILY – Get Free Report) traded down 13.5% during mid-day trading on Friday following a dissappointing earnings announcement. The stock traded as low as $29.17 and last traded at $29.17. 1,599 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 101,710 shares. The stock had previously closed at $33.7350.
The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $206.14 billion. Nomura Research Institute had a net margin of 2.33% and a return on equity of 4.03%.
Analyst Ratings Changes
Separately, Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
Nomura Research Institute Trading Down 13.5%
The business has a 50 day moving average of $29.89 and a two-hundred day moving average of $29.43. The firm has a market cap of $16.37 billion, a P/E ratio of 132.59, a PEG ratio of 1.94 and a beta of 0.71. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.49.
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.
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