Nomura Research Institute (OTCMKTS:NRILY) Stock Price Down 5.4% - What's Next?

Key Points

• Shares fell 5.4% mid-day to $27.53, with about 25,967 shares traded — an 84% drop versus the average daily volume of 166,785.
• Analyst sentiment is improving: Jefferies upgraded NRI to a Strong-Buy and Zacks moved to Hold, leaving a MarketBeat consensus of "Moderate Buy" (1 Strong Buy, 2 Holds).
• The company slightly beat earnings (EPS $0.34 vs. $0.33) on $1.33B revenue; valuation and momentum show a $15.8B market cap, P/E 22.4 and the stock trading well below its 200‑day SMA ($27.53 vs. $35.06).

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) shares dropped 5.4% during mid-day trading on Thursday . The company traded as low as $27.50 and last traded at $27.53. Approximately 25,967 shares changed hands during trading, a decline of 84% from the average daily volume of 166,785 shares. The stock had previously closed at $29.09.

Wall Street Analyst Weigh In

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

Nomura Research Institute Price Performance

The company has a 50 day simple moving average of $28.10 and a 200-day simple moving average of $35.06. The stock has a market cap of $15.81 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.91 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 for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $1.33 billion for the quarter. Nomura Research Institute had a return on equity of 22.45% and a net margin of 13.17%. As a group, research 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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