Omron (OTCMKTS:OMRNY) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Omron Corp. (OTCMKTS:OMRNY)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $34.43 and traded as high as $34.82. Omron shares last traded at $34.81, with a volume of 13,808 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Omron from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Omron Stock Performance

The firm has a 50-day moving average price of $38.97 and a two-hundred day moving average price of $34.52. The firm has a market capitalization of $7.13 billion, a P/E ratio of 32.92, a P/E/G ratio of 0.69 and a beta of 1.22. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.93 and a quick ratio of 1.49.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC increased its holdings in shares of Omron Corp. (OTCMKTS:OMRNY) by 12.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,536 shares of the company’s stock after purchasing an additional 382 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $144,000 as of its most recent SEC filing. 1.09% of the stock is owned by hedge funds and other institutional investors.

About Omron

Omron Corporation is a Japan-based technology company that develops automation, sensing, control and healthcare solutions. Its industrial automation business offers programmable controllers, sensors, vision systems, motion-control equipment, robotics, safety products and related software for manufacturing and other industrial applications.

The company also provides healthcare products and services, including blood pressure monitors, thermometers, body composition monitors, nebulizers and electronic medical equipment.