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

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped down prior to trading on Monday . The stock had previously closed at $39.31, but opened at $38.1430. Nomura Research Institute shares last traded at $38.19, with a volume of 3,185 shares.

Wall Street Analyst Weigh In

NRILY has been the subject of a number of research analyst reports. Citigroup raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Zacks Research downgraded Nomura Research Institute from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Nomura Research Institute Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.84. The stock has a market cap of $22.32 billion, a P/E ratio of 32.27 and a beta of 0.72. The firm’s 50-day moving average price is $38.93 and its 200-day moving average price is $39.10.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.33 EPS for the quarter. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. Sell-side analysts expect that Nomura Research Institute will post 1.04 earnings per share for the current fiscal year.

About Nomura Research Institute

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.