Omron (OTCMKTS:OMRNY) Shares Gap Down – What’s Next?

Omron Corp. (OTCMKTS:OMRNY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $38.13, but opened at $34.93. Omron shares last traded at $34.93, with a volume of 600 shares traded.

Analyst Ratings Changes

OMRNY has been the topic of a number of recent research reports. Zacks Research downgraded Omron from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. Jefferies Financial Group downgraded Omron from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Omron currently has a consensus rating of “Reduce”.

Omron Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.41. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 38.38, a PEG ratio of 0.43 and a beta of 1.14. The stock’s 50 day simple moving average is $36.20 and its 200-day simple moving average is $31.34.

Hedge Funds Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC raised its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,129 shares of the company’s stock after buying an additional 716 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $54,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.