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

Omron Corp. (OTCMKTS:OMRNY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $38.13, but opened at $34.93. Omron shares last traded at $34.93, with a volume of 600 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OMRNY shares. Jefferies Financial Group cut shares of Omron from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Zacks Research lowered Omron from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Omron Stock Down 1.5%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.41 and a current ratio of 1.83. The firm’s 50-day moving average is $36.08 and its 200 day moving average is $31.19. The firm has a market capitalization of $6.86 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 0.47 and a beta of 1.14.

Institutional Investors Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC raised its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 owned by institutional investors.

Omron Company Profile

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.