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

Omron Corp. (OTCMKTS:OMRNY) gapped down prior to trading on Monday . The stock had previously closed at $26.49, but opened at $25.44. Omron shares last traded at $26.28, with a volume of 635 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Omron from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Omron currently has an average rating of “Sell”.

Omron Stock Performance

The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 0.42 and a beta of 0.97. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $26.97 and its two-hundred day moving average is $26.57.

Omron (OTCMKTS:OMRNY) last issued its earnings results on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19). Omron had a net margin of 3.47% and a return on equity of 3.01%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, analysts predict that Omron Corp. will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC grew its holdings in shares of Omron Corp. (OTCMKTS:OMRNY) by 180.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,488 shares of the company’s stock after purchasing an additional 958 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $40,000 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 engages in industrial automation, device and module solutions, social systems, and healthcare businesses worldwide. The Industrial Automation Business offers sensors, switches, safety and control components, relays, motion and drives, robotics, energy conservation, power supplies, and automation system products.