Nomura Research Institute (OTCMKTS:NRILY – Get Free Report) shares dropped 14.7% during mid-day trading on Monday following a dissappointing earnings announcement. The company traded as low as $27.6150 and last traded at $27.6150. Approximately 2,741 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 145,774 shares. The stock had previously closed at $32.39.
The company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of $31.34 by ($32.10). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $227 billion. Nomura Research Institute had a return on equity of 3.93% and a net margin of 2.33%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on NRILY shares. Zacks Research raised Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Jefferies Financial Group raised Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Nomura Research Institute has an average rating of “Moderate Buy”.
Nomura Research Institute Price Performance
The stock has a 50 day simple moving average of $27.52 and a two-hundred day simple moving average of $33.84. The company has a market cap of $15.79 billion, a PE ratio of 125.18, a PEG ratio of 1.90 and a beta of 0.70.
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.
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