Omron (OTCMKTS:OMRNY) Sees Unusually-High Trading Volume – What’s Next?

Omron Corp. (OTCMKTS:OMRNY) shares saw unusually-strong trading volume on Tuesday . Approximately 71,807 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 55,426 shares.The stock last traded at $34.8950 and had previously closed at $36.44.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OMRNY shares. Jefferies Financial Group cut Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research lowered Omron from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Omron Price Performance

The company’s 50-day moving average is $35.29 and its 200-day moving average is $30.56. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.41. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 0.43 and a beta of 1.15.

Institutional Trading of Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC lifted its position in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 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.