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

Key Points

• Nomura Research Institute shares gapped down before trading, opening at $27.2760 after a prior close of $28.47 and last trading at $27.58 on volume of 32,856, roughly a 1.3% decline.
• Analyst activity has been positive recently with Zacks upgrading to a "hold" from "strong sell" and Jefferies to "strong-buy" from "hold"; MarketBeat shows an average rating of "Moderate Buy" (one Strong Buy, two Holds).
• The company has a market cap of $15.79 billion and a PE of 22.39, its 50-day SMA ($26.99) sits below the 200-day SMA ($34.60), and it reported quarterly EPS of $0.34 (vs. $0.33 consensus) with analysts projecting ~1.04 EPS for the year.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $28.47, but opened at $27.2760. Nomura Research Institute shares last traded at $27.58, with a volume of 32,856 shares.

Analyst Ratings Changes

NRILY has been the subject of several analyst reports. Zacks Research upgraded shares of Nomura Research Institute from a "strong sell" rating to a "hold" rating in a report on Monday, February 16th. Jefferies Financial Group upgraded shares of Nomura Research Institute from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Nomura Research Institute Trading Down 1.3%

The firm has a market cap of $15.79 billion, a PE ratio of 22.39, a P/E/G ratio of 1.67 and a beta of 0.70. The business's 50-day simple moving average is $26.99 and its 200 day simple moving average is $34.60.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.34 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 business had revenue of $1.33 billion during the quarter. Analysts expect that Nomura Research Institute will post 1.04 earnings per share 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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