Nomura Research Institute (OTCMKTS:NRILY) Stock Price Up 4.2% – Time to Buy?

Nomura Research Institute (OTCMKTS:NRILY) traded up 4.2% on Wednesday . The company traded as high as $33.61 and last traded at $33.61. Approximately 2,166 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 84,543 shares. The stock had previously closed at $32.25.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Nomura Research Institute Stock Performance

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 capitalization of $18.10 billion, a PE ratio of 140.24 and a beta of 0.71. The company has a 50 day moving average price of $31.68 and a 200 day moving average price of $29.67.

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

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (OTCMKTS:NRILY) is a Japanese consulting and information technology services company headquartered in Tokyo. The company helps businesses and government organizations address strategic, operational and technology-related challenges through management consulting, digital transformation services and systems integration.

NRI’s business includes financial IT solutions for banks, securities firms, asset managers and other financial institutions, as well as industrial IT solutions for companies in sectors such as retail, manufacturing and telecommunications.