Omron (OTCMKTS:OMRNY) Shares Gap Up – Should You Buy?

Omron Corp. (OTCMKTS:OMRNY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $35.63, but opened at $42.68. Omron shares last traded at $43.0610, with a volume of 2,136 shares trading hands.

Analyst Ratings Changes

A number of research firms recently issued reports on OMRNY. Jefferies Financial Group lowered 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 report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Omron has a consensus rating of “Reduce”.

Omron Stock Down 1.2%

The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 0.63 and a beta of 1.14. 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 business has a 50-day moving average price of $35.65 and a 200-day moving average price of $32.69.

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.