Omron (OTCMKTS:OMRNY) Sees Strong Trading Volume – Should You Buy?

Shares of Omron Corp. (OTCMKTS:OMRNY) saw an uptick in trading volume on Tuesday . 71,807 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 55,426 shares.The stock last traded at $34.8950 and had previously closed at $36.44.

Analyst Ratings Changes

OMRNY has been the topic of several 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 downgraded shares of Omron from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Omron Stock Down 6.8%

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 business has a 50-day moving average price of $35.08 and a 200-day moving average price of $30.43. The firm has a market cap of $6.91 billion, a P/E ratio of 36.99, a P/E/G ratio of 0.45 and a beta of 1.15.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC grew its holdings in Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,129 shares of the company’s stock after purchasing an additional 716 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $54,000 at the end of the most recent reporting period. 1.09% of the stock is owned by hedge funds and other institutional investors.

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.