Nomura Research Institute (OTCMKTS:NRILY) Sees Unusually-High Trading Volume – Time to Buy?

Nomura Research Institute (OTCMKTS:NRILY) shares saw strong trading volume on Tuesday. 128,570 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 75,315 shares. The stock last traded at $38.76 and had previously closed at $39.38.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Nomura Research Institute currently has an average rating of “Moderate Buy”.

Nomura Research Institute Stock Performance

The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.56. The company has a market cap of $21.66 billion, a price-to-earnings ratio of 154.37 and a beta of 0.75. The stock has a 50 day moving average price of $34.22 and a two-hundred day moving average price of $30.61.

Nomura Research Institute (OTCMKTS:NRILY) last issued its earnings results on Thursday, October 29th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Nomura Research Institute had a return on equity of 4.38% and a net margin of 2.41%. Analysts predict that Nomura Research Institute will post 1.38 EPS for the current 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.