Omron (OTCMKTS:OMRNY) Sees Unusually-High Trading Volume – Time to Buy?

Omron Corp. (OTCMKTS:OMRNY) shares saw an uptick in trading volume on Monday . Approximately 56,874 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 60,229 shares.The stock last traded at $34.85 and had previously closed at $34.80.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OMRNY. Jefferies Financial Group downgraded Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Zacks Research downgraded shares of Omron from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Omron Stock Performance

The company has a market cap of $6.86 billion, a PE ratio of 36.74, a P/E/G ratio of 0.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.41 and a current ratio of 1.83. The stock’s 50-day simple moving average is $35.47 and its 200 day simple moving average is $30.68.

Institutional Investors Weigh In On Omron

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 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. 1.09% of the stock is owned by institutional investors and hedge funds.

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.