Zacks Research Upgrades Omron (OTCMKTS:OMRNY) to Hold

Omron (OTCMKTS:OMRNYGet Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Omron Price Performance

OTCMKTS OMRNY opened at $24.77 on Monday. Omron has a 12 month low of $23.23 and a 12 month high of $34.72. The firm has a market capitalization of $5.11 billion, a PE ratio of 25.54, a P/E/G ratio of 0.40 and a beta of 0.97. The company’s 50 day simple moving average is $25.35 and its 200 day simple moving average is $26.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.14 and a quick ratio of 1.40.

Omron (OTCMKTS:OMRNYGet Free Report) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19). Omron had a return on equity of 3.01% and a net margin of 3.47%.The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.34 billion. As a group, equities research analysts forecast that Omron will post 0.42 EPS for the current fiscal year.

Institutional Trading of Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC grew its holdings in Omron Corp. (OTCMKTS:OMRNYFree Report) by 50.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,129 shares of the company’s stock after purchasing an additional 716 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $54,000 as of its most recent SEC filing. 1.09% of the stock is owned by institutional investors.

Omron Company Profile

(Get Free Report)

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.

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