Omron (OTCMKTS:OMRNY) Sees Large Volume Increase – Still a Buy?

Omron Corp. (OTCMKTS:OMRNY) shares saw unusually-strong trading volume on Monday . 56,874 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 60,229 shares.The stock last traded at $34.85 and had previously closed at $34.80.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Zacks Research lowered Omron from a “hold” rating to a “strong sell” rating in a 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, June 16th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Omron Stock Up 0.3%

The firm’s fifty day simple moving average is $35.47 and its 200-day simple moving average is $30.68. The company has a market cap of $6.86 billion, a PE ratio of 36.74, a P/E/G ratio of 0.43 and a beta of 1.15. The company has a quick ratio of 1.41, a current ratio of 1.83 and a debt-to-equity ratio of 0.08.

Hedge Funds Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC grew its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,129 shares of the company’s stock after buying an additional 716 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $54,000 at the end of the most recent reporting period. Hedge funds and other 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.