Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – Here’s What Happened

Shares of Nomura Research Institute (OTCMKTS:NRILY) gapped up before the market opened on Monday . The stock had previously closed at $31.55, but opened at $33.66. Nomura Research Institute shares last traded at $33.66, with a volume of 365 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Nomura Research Institute Stock Up 5.9%

The company has a 50-day moving average price of $31.42 and a 200 day moving average price of $29.33. The firm has a market capitalization of $19.01 billion, a PE ratio of 147.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.62 and a quick ratio of 1.62.

Nomura Research Institute (OTCMKTS:NRILY) last released its earnings results on Thursday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $206.14 billion. Nomura Research Institute had a return on equity of 4.38% and a net margin of 2.41%. Analysts forecast that Nomura Research Institute will post 1.38 earnings per share for the current year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (OTCMKTS:NRILY) is a Japanese consulting and information technology services company headquartered in Tokyo. The company helps businesses and government organizations address strategic, operational and technology-related challenges through management consulting, digital transformation services and systems integration.

NRI’s business includes financial IT solutions for banks, securities firms, asset managers and other financial institutions, as well as industrial IT solutions for companies in sectors such as retail, manufacturing and telecommunications.