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

Shares of Omron Corp. (OTCMKTS:OMRNY) gapped down before the market opened on Wednesday . The stock had previously closed at $38.13, but opened at $34.93. Omron shares last traded at $34.93, with a volume of 600 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research cut shares of Omron from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Jefferies Financial Group cut shares of Omron from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Omron Stock Performance

The stock has a market cap of $6.86 billion, a PE ratio of 36.71, a P/E/G ratio of 0.47 and a beta of 1.14. The firm’s 50-day moving average is $36.08 and its 200 day moving average is $31.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.41 and a current ratio of 1.83.

Institutional Trading of Omron

An institutional investor recently raised its stake in Omron stock. GAMMA Investing LLC increased its position in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,129 shares of the company’s stock after purchasing an additional 716 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $54,000 as of its most recent SEC filing. Institutional investors own 1.09% of the company’s stock.

Omron Company Profile

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.