Omron (OTCMKTS:OMRNY) Shares Gap Down – What’s Next?

Omron Corp. (OTCMKTS:OMRNY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $25.32, but opened at $24.29. Omron shares last traded at $25.2190, with a volume of 786 shares traded.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Omron from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Omron Trading Down 0.4%

The company has a current ratio of 2.14, a quick ratio of 1.40 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $5.20 billion, a P/E ratio of 26.00, a P/E/G ratio of 0.40 and a beta of 0.97. The business’s fifty day simple moving average is $26.09 and its two-hundred day simple moving average is $26.50.

Omron (OTCMKTS:OMRNY) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19). Omron had a net margin of 3.47% and a return on equity of 3.01%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, analysts forecast that Omron Corp. will post 0.42 earnings per share for the current year.

Institutional Trading of Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC increased its position in Omron Corp. (OTCMKTS:OMRNY) by 180.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,488 shares of the company’s stock after purchasing an additional 958 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $40,000 at the end of the most recent quarter. 1.09% of the stock is currently owned by hedge funds and other 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.