Omron (OTCMKTS:OMRNY) Shares Gap Down – Here’s What Happened

Omron Corp. (OTCMKTS:OMRNY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $36.31, but opened at $34.88. Omron shares last traded at $35.07, with a volume of 337 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OMRNY. Zacks Research downgraded shares of Omron from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Jefferies Financial Group downgraded shares of Omron from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

Omron Price Performance

The business’s 50 day moving average is $34.49 and its two-hundred day moving average is $30.12. The firm has a market capitalization of $6.91 billion, a PE ratio of 36.97, a P/E/G ratio of 0.45 and a beta of 1.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.37.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC grew its holdings in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,129 shares of the company’s stock after acquiring 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 quarter. Institutional investors own 1.09% of the company’s stock.

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.