Omron (OTCMKTS:OMRNY) Shares Gap Down Following Weak Earnings

Omron Corp. (OTCMKTS:OMRNY) gapped down prior to trading on Monday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $26.7750, but opened at $25.10. Omron shares last traded at $25.10, with a volume of 3,232 shares.

The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.19). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.34 billion. Omron had a return on equity of 3.01% and a net margin of 3.47%.

Hedge Funds Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC raised its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 180.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,488 shares of the company’s stock after purchasing an additional 958 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $40,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.09% of the company’s stock.

Omron Stock Down 6.3%

The stock has a 50-day moving average price of $27.74 and a 200-day moving average price of $27.12. The company has a market capitalization of $5.18 billion, a P/E ratio of 25.87, a P/E/G ratio of 0.39 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.34 and a quick ratio of 1.54.

Omron Company Profile

OMRON Corporation engages in industrial automation, device and module solutions, social systems, and healthcare businesses worldwide. The Industrial Automation Business offers sensors, switches, safety and control components, relays, motion and drives, robotics, energy conservation, power supplies, and automation system products.