Nomura Research Institute (OTCMKTS:NRILY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Nomura Research Institute experienced a significant trading volume increase, with 97,101 shares traded, representing an 87% rise compared to the previous session.
• Zacks Research upgraded the company's rating from "hold" to a "strong-buy", with the current average analyst rating set at "Buy."
• The company reported quarterly earnings of $0.31 per share, surpassing analyst estimates with revenue of $1.36 billion, and analysts anticipate a total EPS of 1.04 for the current fiscal year.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 97,101 shares were traded during trading, an increase of 87% from the previous session's volume of 52,022 shares.The stock last traded at $36.45 and had previously closed at $36.40.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Nomura Research Institute from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Nomura Research Institute Stock Performance

The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.49. The stock's 50 day moving average is $39.28 and its two-hundred day moving average is $38.70. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 32.04 and a beta of 0.70.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Nomura Research Institute had a net margin of 12.64% and a return on equity of 22.66%. Analysts expect that Nomura Research Institute will post 1.04 earnings per share for the current fiscal year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. provides consulting, financial information technology (IT) solution, industrial IT solution, and IT platform services in Japan and internationally. Its Consulting segment offers management, operational, and system consulting services for enterprises and government agencies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.