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

Omron Corp. (OTCMKTS:OMRNY) shares gapped down before the market opened on Monday . The stock had previously closed at $26.2570, but opened at $25.20. Omron shares last traded at $25.93, with a volume of 8,027 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Omron from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Omron Price Performance

The stock has a market capitalization of $5.33 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 0.41 and a beta of 0.97. The business’s 50-day moving average price is $26.73 and its 200 day moving average price is $26.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.40 and a current ratio of 2.14.

Omron (OTCMKTS:OMRNY) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.19). Omron had a net margin of 3.47% and a return on equity of 3.01%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.34 billion. Research analysts forecast that Omron Corp. will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC boosted its stake in Omron Corp. (OTCMKTS:OMRNY) by 180.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,488 shares of the company’s stock after purchasing an additional 958 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 1.09% of the company’s stock.

About Omron

OMRON Corporation engages in industrial automation, device and module solutions, social systems, and healthcare businesses worldwide. The Industrial Automation Business offers sensors, switches, safety and control components, relays, motion and drives, robotics, energy conservation, power supplies, and automation system products.