Omron (OTCMKTS:OMRNY) Stock Price Down 6.6% – Here’s What Happened

Omron Corp. (OTCMKTS:OMRNY) shares fell 6.6% on Monday . The stock traded as low as $34.72 and last traded at $34.8650. Approximately 1,099 shares changed hands during trading, a decline of 98% from the average session volume of 59,089 shares. The stock had previously closed at $37.34.

Analyst Ratings Changes

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

Omron Stock Performance

The company has a market cap of $6.87 billion, a price-to-earnings ratio of 36.79, a P/E/G ratio of 0.46 and a beta of 1.14. The company has a current ratio of 1.83, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $36.30 and its 200 day simple moving average is $31.42.

Institutional Investors Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC increased its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,129 shares of the company’s stock after buying 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. 1.09% of the stock is currently owned by hedge funds and other institutional investors.

About Omron

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.