Omron (OTCMKTS:OMRNY) Shares Gap Up – Time to Buy?

Omron Corp. (OTCMKTS:OMRNY) gapped up before the market opened on Friday . The stock had previously closed at $26.29, but opened at $29.44. Omron shares last traded at $29.5850, with a volume of 4,757 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Omron from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Omron Stock Up 16.4%

The business has a 50 day moving average of $25.53 and a two-hundred day moving average of $26.36. The stock has a market capitalization of $6.12 billion, a PE ratio of 30.58, a PEG ratio of 0.42 and a beta of 0.98. 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 announced its earnings results on Thursday, February 5th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. Omron had a net margin of 3.47% and a return on equity of 3.01%. Omron has set its FY 2025 guidance at 0.960-0.960 EPS. Analysts predict that Omron Corp. will post 0.42 EPS for the current year.

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 fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,129 shares of the company’s stock after buying an additional 716 shares during the quarter. 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.

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.