Omron (OTCMKTS:OMRNY) Sets New 1-Year High – Here’s What Happened

Omron Corp. (OTCMKTS:OMRNY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $37.73 and last traded at $37.05, with a volume of 83608 shares changing hands. The stock had previously closed at $36.1608.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Omron from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Omron Price Performance

The company has a market cap of $7.95 billion, a P/E ratio of 51.20, a PEG ratio of 0.45 and a beta of 1.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 2.11. The company has a fifty day moving average price of $30.82 and a two-hundred day moving average price of $28.21.

Omron (OTCMKTS:OMRNY) last released 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). Omron had a net margin of 2.80% and a return on equity of 2.46%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. On average, sell-side analysts anticipate that Omron Corp. will post 1.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC raised its holdings in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,129 shares of the company’s stock after purchasing an additional 716 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $54,000 at the end of the most recent reporting period. 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.