Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down – Time to Sell?

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $38.3950, but opened at $37.1401. Nomura Research Institute shares last traded at $37.1401, with a volume of 9,767 shares.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NRILY. Zacks Research downgraded shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research note on Monday, December 22nd. Citigroup raised Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Nomura Research Institute Stock Up 0.7%

The business has a 50 day simple moving average of $39.15 and a 200 day simple moving average of $39.04. 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 $22.35 billion, a PE ratio of 32.32 and a beta of 0.71.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. The company had revenue of $1.37 billion during 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 forecast that Nomura Research Institute will post 1.04 EPS 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.