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

Key Points

• Nomura Research Institute shares jumped 5.8%, opening at $39.87 versus the previous close of $37.71, though trading volume was low at 313 shares.
• Zacks Research upgraded the stock from “strong sell” to “hold.” Analyst sentiment is now a “Moderate Buy”, with one Strong Buy and two Hold ratings.
• The company’s latest quarterly results fell short of expectations, reporting $0.32 EPS versus a $0.34 estimate. Nomura Research Institute has a $22.46 billion market capitalization and analysts expect $1.38 EPS for the current fiscal year.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) shares gapped up before the market opened on Thursday. The stock had previously closed at $37.71, but opened at $39.87. Nomura Research Institute shares last traded at $39.87, with a volume of 313 shares changing hands.

Analysts Set New Price Targets

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

Nomura Research Institute Stock Up 5.8%

The firm has a market cap of $22.46 billion, a price-to-earnings ratio of 174.00 and a beta of 0.75. The business has a fifty day simple moving average of $32.96 and a 200 day simple moving average of $30.71. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.62 and a quick ratio of 1.62.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Nomura Research Institute had a return on equity of 4.38% and a net margin of 2.41%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $206.14 billion. As a group, equities analysts forecast that Nomura Research Institute will post 1.38 EPS for the current fiscal 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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