Omron (OTCMKTS:OMRNY) Sees Large Volume Increase – Here’s What Happened

Omron Corp. (OTCMKTS:OMRNY) saw unusually-strong trading volume on Tuesday . 71,807 shares were traded during mid-day trading, an increase of 30% from the previous session’s volume of 55,426 shares.The stock last traded at $34.8950 and had previously closed at $36.44.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on OMRNY shares. Jefferies Financial Group cut shares of Omron from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Zacks Research cut shares of Omron from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Omron Price Performance

The firm has a market capitalization of $6.91 billion, a P/E ratio of 36.99, a price-to-earnings-growth ratio of 0.45 and a beta of 1.15. The company has a current ratio of 1.83, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $35.08 and a 200-day moving average price of $30.43.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC raised its position in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 1.09% of the company’s stock.

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.