Omron (OTCMKTS:OMRNY) Shares Gap Up – Still a Buy?

Omron Corp. (OTCMKTS:OMRNY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $34.7292, but opened at $37.00. Omron shares last traded at $37.25, with a volume of 671 shares.

Analyst Ratings Changes

A number of research firms have recently issued reports on OMRNY. Jefferies Financial Group downgraded shares of Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research downgraded shares of Omron from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Omron Stock Performance

The company has a quick ratio of 1.41, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $34.91 and a two-hundred day simple moving average of $30.34. The stock has a market capitalization of $7.42 billion, a P/E ratio of 39.73, a P/E/G ratio of 0.45 and a beta of 1.15.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC increased its position in Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent SEC filing. 1.09% of the stock is currently owned by hedge funds and other institutional investors.

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.