Omron (OTCMKTS:OMRNY) Shares Gap Up – Should You Buy?

Omron Corp. (OTCMKTS:OMRNY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $35.63, but opened at $42.68. Omron shares last traded at $43.0610, with a volume of 2,136 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on OMRNY shares. Jefferies Financial Group downgraded shares of Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research lowered shares of Omron from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock 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 $8.49 billion, a price-to-earnings ratio of 45.47, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14. The stock has a 50 day moving average price of $35.39 and a 200-day moving average price of $32.50.

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.