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

Omron Corp. (OTCMKTS:OMRNY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $41.69, but opened at $39.37. Omron shares last traded at $40.50, with a volume of 606 shares changing hands.

Analyst Upgrades and Downgrades

OMRNY has been the topic of a number of recent research reports. Zacks Research raised Omron from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Jefferies Financial Group downgraded Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Omron presently has an average rating of “Hold”.

Omron Price Performance

The stock has a fifty day simple moving average of $39.92 and a two-hundred day simple moving average of $35.97. The company has a market cap of $7.96 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 0.81 and a beta of 1.22. The company has a current ratio of 1.93, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09.

About Omron

Omron Corporation is a Japan-based technology company that develops automation, sensing, control and healthcare solutions. Its products include industrial sensors, controllers, machine-vision and inspection systems, safety equipment, robotics and other factory-automation technologies used to improve manufacturing productivity and quality.

Through its healthcare business, Omron provides blood-pressure monitors, electrocardiographs, nebulizers, body-composition monitors and related digital health services for consumers and medical professionals.