Nomura Research Institute (OTCMKTS:NRILY) Hits New 1-Year Low – Here’s Why

Nomura Research Institute (OTCMKTS:NRILY)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $30.44 and last traded at $30.86, with a volume of 15431 shares traded. The stock had previously closed at $35.52.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NRILY. Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. Citigroup upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Nomura Research Institute Stock Down 14.1%

The firm has a market cap of $17.73 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 2.53 and a beta of 0.70. The firm’s 50 day moving average is $39.06 and its two-hundred day moving average is $38.90. The company has a current ratio of 1.72, a quick ratio of 1.84 and a debt-to-equity ratio of 0.44.

Nomura Research Institute (OTCMKTS:NRILY) last posted its earnings results on Thursday, January 29th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. The company had revenue of $1.33 billion for the quarter. As a group, research analysts anticipate that Nomura Research Institute will post 1.04 EPS 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.