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

Omron Corp. (OTCMKTS:OMRNY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $39.92, but opened at $37.33. Omron shares last traded at $37.33, with a volume of 255 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Jefferies Financial Group lowered Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research raised shares of Omron from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Omron presently has a consensus rating of “Hold”.

Omron Trading Down 0.2%

The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 0.76 and a beta of 1.16. The business has a fifty day moving average of $37.93 and a two-hundred day moving average of $34.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.41 and a current ratio of 1.83.

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.