Omron (OTCMKTS:OMRNY) Trading Down 6.6% – Time to Sell?

Omron Corp. (OTCMKTS:OMRNY) shares were down 6.6% during mid-day trading on Monday . The company traded as low as $34.72 and last traded at $34.8650. 1,099 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 59,089 shares. The stock had previously closed at $37.34.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OMRNY shares. Zacks Research lowered Omron from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Jefferies Financial Group lowered shares of Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Omron Stock Performance

The company has a current ratio of 1.83, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 0.46 and a beta of 1.14. The firm’s fifty day moving average price is $36.30 and its 200 day moving average price is $31.42.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Omron stock. GAMMA Investing LLC raised its position in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,129 shares of the company’s stock after buying an additional 716 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $54,000 as of its most recent filing with the Securities & Exchange Commission. 1.09% of the stock is owned by institutional investors.

About Omron

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.