Nomura Research Institute (OTCMKTS:NRILY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Nomura Research Institute (OTCMKTS:NRILY) saw an uptick in trading volume on Tuesday. Approximately 128,570 shares changed hands during 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.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of 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 issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Nomura Research Institute Trading Down 0.2%

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average is $34.50 and its 200-day moving average is $30.61. The company has a market cap of $22.02 billion, a PE ratio of 156.99 and a beta of 0.69.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). Nomura Research Institute had a return on equity of 4.78% and a net margin of 2.53%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. As a group, sell-side analysts anticipate that Nomura Research Institute will post 1.38 EPS 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.