Omron (OTCMKTS:OMRNY) Trading Down 3.6% – Here’s Why

Omron Corp. (OTCMKTS:OMRNY)’s stock price was down 3.6% during mid-day trading on Friday . The company traded as low as $39.4031 and last traded at $39.4031. 760 shares were traded during trading, a decline of 99% from the average daily volume of 54,526 shares. The stock had previously closed at $40.8750.

Analysts Set New Price Targets

A number of brokerages have weighed in on OMRNY. Zacks Research raised shares of Omron from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Jefferies Financial Group cut shares of Omron from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Omron Trading Down 0.4%

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 firm has a market capitalization of $7.77 billion, a P/E ratio of 37.63, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The firm has a 50 day moving average price of $36.71 and a two-hundred day moving average price of $33.86.

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.