Omron (OTCMKTS:OMRNY) Sees Strong Trading Volume – Time to Buy?

Omron Corp. (OTCMKTS:OMRNY) shares saw unusually-strong trading volume on Monday . Approximately 56,874 shares were traded during trading, a decline of 6% from the previous session’s volume of 60,229 shares.The stock last traded at $34.85 and had previously closed at $34.80.

Analyst Upgrades and Downgrades

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

Omron Stock Up 2.6%

The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 37.92, a price-to-earnings-growth ratio of 0.43 and a beta of 1.15. The stock has a 50-day moving average of $35.64 and a 200-day moving average of $30.81. The company has a current ratio of 1.83, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08.

Institutional Trading of Omron

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% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,129 shares of the company’s stock after purchasing 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 quarter. 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.