Nomura Research Institute (OTCMKTS:NRILY) Sees Large Volume Increase - Should You Buy?

Key Points

• Nomura Research Institute shares experienced unusually high trading volume, with 128,570 shares changing hands—71% above the average—while the stock traded at $38.76, down 2.0%.
• Analyst sentiment improved after Zacks Research upgraded the stock from “strong sell” to “hold.” The overall consensus rating is now “Moderate Buy,” based on one Strong Buy and two Hold ratings.
• In its latest quarterly results, NRI reported $0.35 EPS, missing the $0.38 estimate, but revenue of $1.38 billion exceeded the $1.36 billion consensus forecast.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) shares saw unusually-strong trading volume on Tuesday. 128,570 shares changed hands during mid-day trading, an increase of 71% from the average daily volume of 75,315 shares. The stock last traded at $38.76 and had previously closed at $39.38.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Nomura Research Institute from a "strong sell" rating to a "hold" rating in a report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Nomura Research Institute Trading Down 2.0%

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $21.66 billion, a P/E ratio of 154.37 and a beta of 0.75. The stock has a 50-day moving average of $34.22 and a two-hundred day moving average of $30.61.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.38%. On average, equities research analysts predict that Nomura Research Institute will post 1.38 earnings per share for the current year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Japan-based consulting and information technology services company. It provides management consulting, technology consulting, systems integration, and digital transformation services to corporations, financial institutions, and government organizations.

NRI develops and operates technology platforms and business systems for sectors including securities, banking, insurance, retail, manufacturing, and public services. Its offerings include application development, cloud and data-center services, cybersecurity, information management, and managed technology operations.

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