Omron (OTCMKTS:OMRNY) Trading Down 8.7% – Here’s Why

Omron Corp. (OTCMKTS:OMRNY) traded down 8.7% on Wednesday . The stock traded as low as $33.13 and last traded at $33.8536. 2,307 shares were traded during mid-day trading, a decline of 96% from the average session volume of 55,454 shares. The stock had previously closed at $37.06.

Omron Trading Up 3.6%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 2.11. The stock has a market capitalization of $7.04 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 0.42 and a beta of 1.15. The stock has a 50-day moving average price of $34.08 and a two-hundred day moving average price of $29.90.

Institutional Trading of Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC raised its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,129 shares of the company’s stock after purchasing an additional 716 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $54,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.09% of the company’s stock.

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.