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

Omron Corp. (OTCMKTS:OMRNY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $41.69, but opened at $39.37. Omron shares last traded at $40.50, with a volume of 606 shares trading hands.

Wall Street Analysts Forecast Growth

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

Omron Stock Down 1.4%

The firm has a market capitalization of $7.96 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 0.81 and a beta of 1.22. The firm’s 50-day moving average is $39.92 and its 200 day moving average is $35.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.49 and a current ratio of 1.93.

Omron Company Profile

Omron Corporation is a Japan-based technology company that develops automation, sensing, control and healthcare solutions. Its products include industrial sensors, controllers, machine-vision and inspection systems, safety equipment, robotics and other factory-automation technologies used to improve manufacturing productivity and quality.

Through its healthcare business, Omron provides blood-pressure monitors, electrocardiographs, nebulizers, body-composition monitors and related digital health services for consumers and medical professionals.