Nomura Research Institute (OTCMKTS:NRILY) Stock Price Up 4.6% – Should You Buy?

Nomura Research Institute (OTCMKTS:NRILY) shot up 4.6% during mid-day trading on Tuesday . The stock traded as high as $40.38 and last traded at $40.38. 19,986 shares traded hands during trading, a decline of 77% from the average session volume of 85,962 shares. The stock had previously closed at $38.60.

Analysts Set New Price Targets

A number of brokerages have issued reports on NRILY. Zacks Research downgraded Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Monday. Citigroup upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nomura Research Institute currently has a consensus rating of “Reduce”.

Nomura Research Institute Price Performance

The stock has a 50 day moving average of $39.05 and a 200-day moving average of $39.08. The company has a current ratio of 1.72, a quick ratio of 1.84 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $22.30 billion, a P/E ratio of 32.24 and a beta of 0.72.

Nomura Research Institute (OTCMKTS:NRILY) last announced 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 for the quarter, compared to the consensus estimate of $1.36 billion. Nomura Research Institute had a return on equity of 22.63% and a net margin of 12.96%. On average, equities research analysts anticipate 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.