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

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped down before the market opened on Tuesday . The stock had previously closed at $29.58, but opened at $27.82. Nomura Research Institute shares last traded at $28.77, with a volume of 1,413 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NRILY. Jefferies Financial Group raised Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. Zacks Research raised Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Nomura Research Institute Trading Down 3.2%

The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 130.17, a price-to-earnings-growth ratio of 1.69 and a beta of 0.64. The stock has a 50-day moving average of $28.17 and a two-hundred day moving average of $32.66.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings results on Friday, April 24th. The company reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of $31.34 by ($32.10). Nomura Research Institute had a net margin of 2.33% and a return on equity of 3.93%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $227 billion. Sell-side analysts expect that Nomura Research Institute will post 1.4 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.