Omron Corp. (OTCMKTS:OMRNY – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.0401 and last traded at $24.0401, with a volume of 13227 shares traded. The stock had previously closed at $24.90.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered Omron from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Omron currently has a consensus rating of “Sell”.
Get Our Latest Analysis on OMRNY
Omron Stock Performance
Omron (OTCMKTS:OMRNY – Get Free Report) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.19). Omron had a return on equity of 3.01% and a net margin of 3.47%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.34 billion. Analysts expect that Omron Corp. will post 0.42 earnings per share for the current year.
Institutional Investors Weigh In On Omron
An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC raised its position in Omron Corp. (OTCMKTS:OMRNY – Free Report) by 180.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,488 shares of the company’s stock after acquiring an additional 958 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $40,000 at the end of the most recent quarter. 1.09% of the stock is owned by institutional investors and hedge funds.
About Omron
OMRON Corporation engages in industrial automation, device and module solutions, social systems, and healthcare businesses worldwide. The Industrial Automation Business offers sensors, switches, safety and control components, relays, motion and drives, robotics, energy conservation, power supplies, and automation system products.
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