Omron (OTCMKTS:OMRNY) Shares Gap Down – Should You Sell?

Omron Corp. (OTCMKTS:OMRNY) shares gapped down before the market opened on Monday . The stock had previously closed at $25.36, but opened at $24.60. Omron shares last traded at $25.0350, with a volume of 5,128 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Omron from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Omron Trading Down 0.3%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.40 and a current ratio of 2.14. The firm has a market capitalization of $5.15 billion, a P/E ratio of 25.76, a PEG ratio of 0.40 and a beta of 0.97. The firm has a 50 day simple moving average of $26.54 and a two-hundred day simple moving average of $26.54.

Omron (OTCMKTS:OMRNY) last announced its earnings results on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.34 billion. Equities research analysts forecast that Omron Corp. will post 0.42 earnings per share for the current year.

Institutional Trading of Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC boosted its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 180.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,488 shares of the company’s stock after buying an additional 958 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $40,000 as of its most recent SEC filing. 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.