Nomura Research Institute (OTCMKTS:NRILY) Shares Up 4.2% – Still a Buy?

Nomura Research Institute (OTCMKTS:NRILY)’s stock price traded up 4.2% during mid-day trading on Wednesday . The company traded as high as $33.61 and last traded at $33.61. Approximately 2,166 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 84,543 shares. The stock had previously closed at $32.25.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Nomura Research Institute presently has an average rating of “Hold”.

Nomura Research Institute Trading Up 0.0%

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $18.10 billion, a price-to-earnings ratio of 140.24 and a beta of 0.71. The business has a fifty day moving average price of $31.68 and a 200 day moving average price of $29.67.

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

About Nomura Research Institute

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.