Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up – What’s Next?

Nomura Research Institute (OTCMKTS:NRILY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $37.71, but opened at $39.87. Nomura Research Institute shares last traded at $39.87, with a volume of 313 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Nomura Research Institute Stock Up 5.8%

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $32.96 and a 200-day moving average price of $30.71. The firm has a market capitalization of $22.46 billion, a PE ratio of 174.00 and a beta of 0.75.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.32 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $206.14 billion. Equities research analysts forecast that Nomura Research Institute will post 1.38 earnings per share for the current fiscal year.

About Nomura Research Institute

Nomura Research Institute, Ltd. (NRI) is a Japan-based consulting and information technology services company. It provides management consulting, technology consulting, systems integration, and digital transformation services to corporations, financial institutions, and government organizations.

NRI develops and operates technology platforms and business systems for sectors including securities, banking, insurance, retail, manufacturing, and public services. Its offerings include application development, cloud and data-center services, cybersecurity, information management, and managed technology operations.