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

Omron Corp. (OTCMKTS:OMRNY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $39.39, but opened at $40.54. Omron shares last traded at $40.44, with a volume of 333 shares changing hands.

Wall Street Analyst Weigh In

OMRNY has been the subject of a number of research reports. Zacks Research raised Omron from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Jefferies Financial Group downgraded shares of Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Omron currently has a consensus rating of “Hold”.

Omron Stock Up 1.7%

The company has a market cap of $8.04 billion, a P/E ratio of 38.92, a PEG ratio of 0.78 and a beta of 1.14. The stock has a 50-day moving average of $37.19 and a 200 day moving average of $34.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.41.

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.