Nomura Research Institute (OTCMKTS:NRILY) Sets New 52-Week Low – Here’s What Happened

Nomura Research Institute (OTCMKTS:NRILY) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $25.5001 and last traded at $26.72, with a volume of 14974 shares. The stock had previously closed at $27.13.

Analyst Ratings Changes

Several research analysts have recently weighed in on NRILY shares. Citigroup raised 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 equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nomura Research Institute has a consensus rating of “Reduce”.

Nomura Research Institute Stock Performance

The firm’s fifty day moving average is $36.28 and its 200-day moving average is $38.26. The company has a current ratio of 2.08, a quick ratio of 1.84 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $15.59 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 1.81 and a beta of 0.70.

Nomura Research Institute (OTCMKTS:NRILY) last announced its earnings results on Thursday, January 29th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 13.17% and a return on equity of 22.45%. As a group, research analysts anticipate that Nomura Research Institute will post 1.04 earnings per share for the current year.

Nomura Research Institute Company Profile

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.