Nomura Research Institute (OTCMKTS:NRILY) Hits New 12-Month Low – Here’s What Happened

Nomura Research Institute (OTCMKTS:NRILY) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $30.44 and last traded at $30.86, with a volume of 15431 shares trading hands. The stock had previously closed at $35.52.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Zacks Research lowered shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Nomura Research Institute currently has a consensus rating of “Reduce”.

Nomura Research Institute Price Performance

The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.53 and a beta of 0.70. The company’s fifty day moving average is $39.06 and its 200 day moving average is $38.90. The company has a quick ratio of 1.84, a current ratio of 1.72 and a debt-to-equity ratio of 0.44.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $1.33 billion during the quarter. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. On average, equities research analysts predict that Nomura Research Institute will post 1.04 EPS for the current year.

About Nomura Research Institute

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.