Omron (OTCMKTS:OMRNY) Shares Gap Down – Should You Sell?

Shares of Omron Corp. (OTCMKTS:OMRNY) gapped down before the market opened on Tuesday . The stock had previously closed at $34.04, but opened at $31.46. Omron shares last traded at $31.27, with a volume of 2,487 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Omron Stock Down 7.0%

The company has a quick ratio of 1.41, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $6.23 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 0.41 and a beta of 1.14. The business’s 50-day moving average price is $35.42 and its 200-day moving average price is $32.07.

Institutional Investors Weigh In On Omron

An institutional investor recently raised its stake in Omron stock. GAMMA Investing LLC grew its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,129 shares of the company’s stock after acquiring 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 currently owned by institutional investors.

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.