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

Omron Corp. (OTCMKTS:OMRNY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $38.68, but opened at $40.45. Omron shares last traded at $39.43, with a volume of 1,480 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on OMRNY shares. Jefferies Financial Group lowered shares of Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research upgraded Omron from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Omron Price Performance

The company has a quick ratio of 1.41, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The firm has a market cap of $7.77 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 0.75 and a beta of 1.16. The stock has a 50 day moving average price of $37.98 and a two-hundred day moving average price of $34.90.

About Omron

Omron Corporation is a Japanese technology company that develops and manufactures automation, sensing, control and healthcare products. Founded in 1933 as Tateisi Electric Manufacturing Co, the company adopted the Omron name in 1990 and has grown into a global provider of industrial and electronic solutions.

Its industrial automation business supplies factory automation equipment and systems, including sensors, controllers, switches, safety components, machine vision products and robotics.