Omron (OTCMKTS:OMRNY) Sets New 1-Year High – Here’s What Happened

Omron Corp. (OTCMKTS:OMRNY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $43.48 and last traded at $43.4350, with a volume of 3277 shares trading hands. The stock had previously closed at $42.21.

Analyst Upgrades and Downgrades

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

Omron Stock 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 business’s 50-day moving average is $35.75 and its 200 day moving average is $32.87. The company has a market cap of $8.53 billion, a PE ratio of 41.31, a PEG ratio of 0.62 and a beta of 1.14.

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.