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

Omron Corp. (OTCMKTS:OMRNY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $37.05, but opened at $40.14. Omron shares last traded at $40.4450, with a volume of 5,714 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Omron from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Omron Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 2.11. The stock has a market capitalization of $7.91 billion, a P/E ratio of 50.95, a price-to-earnings-growth ratio of 0.43 and a beta of 1.16. The firm has a 50-day moving average price of $30.82 and a 200 day moving average price of $28.21.

Omron (OTCMKTS:OMRNY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Omron had a net margin of 2.80% and a return on equity of 2.46%. On average, analysts expect that Omron Corp. will post 1.22 EPS for the current year.

Hedge Funds Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC increased its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,129 shares of the company’s stock after acquiring an additional 716 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $54,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.