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

Omron Corp. (OTCMKTS:OMRNY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $25.35, but opened at $26.48. Omron shares last traded at $26.5550, with a volume of 3,923 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Omron from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Omron Price Performance

The company’s fifty day moving average is $27.04 and its two-hundred day moving average is $26.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.54 and a current ratio of 2.34. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 0.40 and a beta of 0.97.

Omron (OTCMKTS:OMRNY) last released its quarterly earnings data on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.19). Omron had a net margin of 3.47% and a return on equity of 3.01%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Equities research analysts forecast that Omron Corp. will post 0.42 EPS for the current year.

Hedge Funds 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) by 180.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,488 shares of the company’s stock after buying an additional 958 shares during the period. 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.