Omron (OTCMKTS:OMRNY) Sets New 1-Year High – Here’s What Happened

Omron Corp. (OTCMKTS:OMRNY)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $43.48 and last traded at $43.4350, with a volume of 3277 shares traded. The stock had previously closed at $42.21.

Analysts Set New Price Targets

Several brokerages recently weighed in on OMRNY. Zacks Research cut shares of Omron from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. Jefferies Financial Group lowered Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Omron currently has an average rating of “Reduce”.

Omron Trading Up 1.0%

The firm has a market capitalization of $8.53 billion, a PE ratio of 41.31, a PEG ratio of 0.62 and a beta of 1.14. The firm’s fifty day moving average is $35.75 and its two-hundred day moving average is $32.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.41.

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.