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

Omron Corp. (OTCMKTS:OMRNY) gapped up before the market opened 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.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OMRNY. Zacks Research downgraded shares of 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 research report on Tuesday, June 16th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Omron Stock Up 2.6%

The firm 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 company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.41. The business has a fifty day moving average price of $35.39 and a two-hundred day moving average price of $32.50.

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.