Omron (OTCMKTS:OMRNY) Shares Gap Up – Time to Buy?

Omron Corp. (OTCMKTS:OMRNY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $34.7292, but opened at $37.00. Omron shares last traded at $37.25, with a volume of 671 shares trading hands.

Analyst Upgrades and Downgrades

OMRNY has been the subject of several research analyst 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 report on Tuesday, June 16th. One investment 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 company has an average rating of “Reduce”.

Omron Stock Performance

The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 0.45 and a beta of 1.15. The stock’s 50 day moving average is $34.91 and its 200 day moving average is $30.34. The company has a current ratio of 1.83, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08.

Hedge Funds Weigh In On Omron

A hedge fund recently raised its position in Omron stock. GAMMA Investing LLC boosted its position in Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,129 shares of the company’s stock after purchasing 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 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.