Nomura Research Institute (OTCMKTS:NRILY) Sees Large Volume Increase on Analyst Upgrade

Nomura Research Institute (OTCMKTS:NRILYGet Free Report) shares saw unusually-high trading volume on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. Approximately 235,366 shares traded hands during trading, an increase of 51% from the previous session’s volume of 156,099 shares.The stock last traded at $25.8840 and had previously closed at $26.82.

Separately, Citigroup upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Read Our Latest Stock Report on Nomura Research Institute

Nomura Research Institute Stock Down 0.8%

The firm has a market cap of $14.55 billion, a P/E ratio of 20.35, a PEG ratio of 1.73 and a beta of 0.70. The firm’s 50-day moving average price is $35.46 and its 200 day moving average price is $37.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.84.

Nomura Research Institute (OTCMKTS:NRILYGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Nomura Research Institute had a return on equity of 22.45% and a net margin of 13.17%.The firm had revenue of $1.33 billion during the quarter. On average, equities research analysts expect that Nomura Research Institute will post 1.04 earnings per share for the current fiscal year.

Nomura Research Institute Company Profile

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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.

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