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

Omron Corp. (OTCMKTS:OMRNY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $43.90, but opened at $41.73. Omron shares last traded at $41.19, with a volume of 1,345 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group lowered shares of Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research raised shares of Omron from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Omron Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.41 and a current ratio of 1.83. The stock has a market capitalization of $7.80 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The stock’s 50 day moving average is $36.71 and its two-hundred day moving average is $33.86.

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.