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

Shares of Omron Corp. (OTCMKTS:OMRNY) gapped down prior to trading on Wednesday . The stock had previously closed at $36.31, but opened at $34.88. Omron shares last traded at $35.07, with a volume of 337 shares changing hands.

Analysts Set New Price Targets

OMRNY has been the topic of several research reports. Jefferies Financial Group downgraded shares of Omron from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Research cut shares of Omron from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Omron Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.37. The company’s 50 day moving average is $34.77 and its 200 day moving average is $30.26. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 0.43 and a beta of 1.15.

Institutional Investors Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC boosted its position in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period. 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.