Omron (OTCMKTS:OMRNY) Shares Gap Down – Time to Sell?

Omron Corp. (OTCMKTS:OMRNY) gapped down prior to trading on Tuesday . The stock had previously closed at $39.92, but opened at $37.33. Omron shares last traded at $37.33, with a volume of 255 shares changing hands.

Wall Street Analyst Weigh In

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

Omron Price Performance

The business’s 50-day simple moving average is $37.83 and its two-hundred day simple moving average is $34.77. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 0.78 and a beta of 1.16. 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.