Omron (OTCMKTS:OMRNY) Shares Gap Down – Here’s What Happened

Shares of Omron Corp. (OTCMKTS:OMRNY) gapped down prior to trading on Wednesday . The stock had previously closed at $36.31, but opened at $34.88. Omron shares last traded at $35.07, with a volume of 337 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Zacks Research cut Omron from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. Jefferies Financial Group lowered shares of Omron from a “buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Omron Price Performance

The company has a quick ratio of 1.37, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The stock has a market cap of $6.91 billion, a P/E ratio of 36.97, a price-to-earnings-growth ratio of 0.45 and a beta of 1.15. The business’s 50-day simple moving average is $34.49 and its two-hundred day simple moving average is $30.12.

Hedge Funds Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC grew its holdings in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,129 shares of the company’s stock after purchasing an additional 716 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $54,000 at the end of the most recent reporting period. 1.09% of the stock is owned by hedge funds and other institutional investors.

About Omron

Omron Corporation (OTCMKTS: OMRNY) is a global leader in automation, sensing, and control technologies. The company designs, manufactures, and sells a wide range of products and solutions for industrial, healthcare and social systems applications. Its core business segments include industrial automation—featuring programmable logic controllers, sensors, relays, servo motors and temperature controllers—and healthcare products such as blood pressure monitors, digital thermometers and nebulizers.

Founded in 1933 by Kazuma Tateishi in Kyoto, Japan, Omron began with the development of the first Japanese automatic timer.