Nomura Research Institute (OTCMKTS:NRILY) Lowered to Strong Sell Rating by Zacks Research

by · The Markets Daily

Zacks Research cut shares of Nomura Research Institute (OTCMKTS:NRILY – Free Report) from a hold rating to a strong sell rating in a report published on Monday,Zacks.com reports.

Separately, Citigroup raised Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Nomura Research Institute presently has a consensus rating of “Reduce”.

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Nomura Research Institute Price Performance

NRILY opened at $38.86 on Monday. The company has a quick ratio of 1.84, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. The company has a market cap of $22.59 billion, a P/E ratio of 32.66 and a beta of 0.72. The company has a 50 day moving average of $39.01 and a two-hundred day moving average of $39.09. Nomura Research Institute has a 52-week low of $27.23 and a 52-week high of $43.20.

Nomura Research Institute (OTCMKTS:NRILY – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. On average, analysts expect that Nomura Research Institute will post 1.04 earnings per share for the current year.

Nomura Research Institute Company Profile

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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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