Omron (OTCMKTS:OMRNY) Shares Gap Up – Here’s Why

Shares of Omron Corp. (OTCMKTS:OMRNY) gapped up prior to trading on Monday . The stock had previously closed at $35.71, but opened at $37.8201. Omron shares last traded at $38.2850, with a volume of 1,816 shares traded.

Omron Stock Performance

The company has a quick ratio of 1.37, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The stock has a market cap of $7.26 billion, a P/E ratio of 38.87, a PEG ratio of 0.82 and a beta of 1.15. The stock has a fifty day simple moving average of $32.65 and a 200-day simple moving average of $29.21.

Hedge Funds Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC grew its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 and Exchange Commission. 1.09% of the stock is owned by institutional investors and hedge funds.

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.