Omron (OTCMKTS:OMRNY) Shares Gap Up – Should You Buy?

Omron Corp. (OTCMKTS:OMRNY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $34.7292, but opened at $37.00. Omron shares last traded at $37.25, with a volume of 671 shares traded.

Wall Street Analysts Forecast Growth

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

Omron Stock Down 6.6%

The firm has a market capitalization of $6.92 billion, a PE ratio of 37.05, a PEG ratio of 0.46 and a beta of 1.15. The business’s 50 day simple moving average is $35.20 and its 200 day simple moving average is $30.50. 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 Investors Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC boosted its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,129 shares of the company’s stock after acquiring an additional 716 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $54,000 as of its most recent SEC filing. Institutional investors own 1.09% of the company’s stock.

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.