Omron (OTCMKTS:OMRNY) Stock Price Up 7.8% – Here’s Why

Omron Corp. (OTCMKTS:OMRNY) shares shot up 7.8% during mid-day trading on Tuesday. The company traded as high as $32.40 and last traded at $31.92. Approximately 38,773 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 44,052 shares. The stock had previously closed at $29.62.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Omron from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

Omron Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.93 and a quick ratio of 1.49. The firm’s 50 day moving average is $37.79 and its 200 day moving average is $34.75. The firm has a market cap of $6.39 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29.

Institutional Trading of Omron

A hedge fund recently raised its position in Omron stock. GAMMA Investing LLC increased its stake in Omron Corp. (OTCMKTS:OMRNY) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,536 shares of the company’s stock after buying an additional 382 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $144,000 as of its most recent filing with the Securities & Exchange Commission. 1.09% of the stock is currently owned by hedge funds and other institutional investors.

Omron Company Profile

Omron Corporation is a Japanese technology company that develops and manufactures automation, healthcare, and electronic products. Founded in 1933 by Kazuma Tateishi, the company began as an electronics manufacturer and has since expanded into a range of industrial and consumer markets. Omron’s industrial automation business provides equipment and systems such as sensors, controllers, robotics, and inspection devices for manufacturing and other operations. Its healthcare products include blood pressure monitors, thermometers, and respiratory-care devices, while its social systems business supplies technologies for areas such as transportation and energy management.