Omron (OTCMKTS:OMRNY) Shares Gap Down – What’s Next?

Shares of Omron Corp. (OTCMKTS:OMRNY) gapped down before the market opened on Tuesday . The stock had previously closed at $34.04, but opened at $31.46. Omron shares last traded at $31.27, with a volume of 2,487 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OMRNY shares. Jefferies Financial Group cut shares of Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research lowered Omron from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Omron Stock Down 0.9%

The stock has a market capitalization of $6.17 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 0.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.41. The stock has a fifty day moving average price of $35.28 and a 200 day moving average price of $32.15.

Institutional Investors Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC boosted its position in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,129 shares of the company’s stock after acquiring an additional 716 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $54,000 as of its most recent SEC filing. 1.09% of the stock is currently 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.