Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Down - What's Next?

Key Points

• Gapped down: NRILY opened at $27.76 after a $28.77 close and last traded at $27.52, down about 3.7% with roughly 120,693 shares changing hands.
• Analyst sentiment has improved — Citigroup and Zacks upgraded Nomura Research Institute from "strong sell" to "hold," and the MarketBeat consensus rating is Hold.
• The company slightly beat quarterly EPS ($0.34 vs. $0.33), has a $16.1B market cap and a P/E of 22.52, with analysts forecasting about 1.04 EPS for the year.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $28.77, but opened at $27.76. Nomura Research Institute shares last traded at $27.52, with a volume of 120,693 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NRILY. Citigroup raised Nomura Research Institute from a "strong sell" rating to a "hold" rating in a research report on Wednesday, November 19th. Zacks Research raised Nomura Research Institute from a "strong sell" rating to a "hold" rating in a report on Monday, February 16th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Nomura Research Institute has a consensus rating of "Hold".

Nomura Research Institute Stock Down 3.7%

The firm's 50 day moving average is $32.08 and its two-hundred day moving average is $36.51. The company has a current ratio of 2.08, a quick ratio of 1.84 and a debt-to-equity ratio of 0.42. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 1.85 and a beta of 0.73.

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

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