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

Omron Corp. (OTCMKTS:OMRNY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $33.85, but opened at $32.61. Omron shares last traded at $32.61, with a volume of 195 shares.

Analyst Ratings Changes

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

Omron Trading Up 0.9%

The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 0.40 and a beta of 1.14. The company has a 50-day moving average price of $35.69 and a 200-day moving average price of $31.84. The company has a quick ratio of 1.41, a current ratio of 1.83 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC lifted its stake in Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.09% of the company’s stock.

About Omron

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.