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

Omron Corp. (OTCMKTS:OMRNY) gapped down prior to trading on Monday . The stock had previously closed at $33.85, but opened at $32.61. Omron shares last traded at $32.61, with a volume of 195 shares.

Analyst Upgrades and Downgrades

OMRNY has been the topic of a number of analyst reports. Zacks Research lowered Omron from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. Jefferies Financial Group downgraded shares of Omron from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Omron Price Performance

The stock has a market capitalization of $6.52 billion, a PE ratio of 34.88, a PEG ratio of 0.40 and a beta of 1.14. 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 company’s 50 day simple moving average is $35.94 and its 200 day simple moving average is $31.73.

Institutional Investors Weigh In On Omron

An institutional investor recently raised its stake in Omron stock. GAMMA Investing LLC increased its holdings in Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the fourth quarter, according to the company in its most recent Form 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 as of its most recent SEC filing. 1.09% of the stock is currently owned by hedge funds and other institutional investors.

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.