Nomura Research Institute (OTCMKTS:NRILY) Shares Gap Up - Still a Buy?

Key Points

• Nomura Research Institute's stock opened at $37.89 after a gap up, following a previous close of $36.56, indicating positive market sentiment.
• Zacks Research upgraded the company's rating from "hold" to "strong-buy," contributing to a consensus rating of "buy" among analysts.
• The company reported $0.31 earnings per share for the last quarter, outperforming the consensus estimate of $1.35 billion in revenue.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $36.56, but opened at $37.89. Nomura Research Institute shares last traded at $37.52, with a volume of 16,115 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Nomura Research Institute from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 14th. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy".

Nomura Research Institute Stock Performance

The company has a market cap of $21.80 billion, a PE ratio of 32.90 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.84 and a current ratio of 1.84. The stock's 50-day simple moving average is $39.09 and its 200 day simple moving average is $38.83.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.31 earnings per share for the quarter. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Nomura Research Institute had a net margin of 12.64% and a return on equity of 22.66%. As a group, equities analysts anticipate that Nomura Research Institute will post 1.04 EPS for the current year.

About Nomura Research Institute

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.

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