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

Nomura Research Institute (OTCMKTS:NRILY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $26.41, but opened at $27.23. Nomura Research Institute shares last traded at $27.23, with a volume of 5,501 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NRILY shares. Jefferies Financial Group upgraded shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Nomura Research Institute Stock Performance

The company has a market cap of $15.78 billion, a price-to-earnings ratio of 125.05, a PEG ratio of 1.57 and a beta of 0.64. The company has a 50-day simple moving average of $27.89 and a 200-day simple moving average of $33.02.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings results on Friday, April 24th. The company reported ($0.76) EPS for the quarter, missing the consensus estimate of $31.34 by ($32.10). Nomura Research Institute had a net margin of 2.33% and a return on equity of 3.93%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $227 billion. As a group, equities research analysts forecast that Nomura Research Institute will post 1.4 EPS for the current year.

Nomura Research Institute Company Profile

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.