Omron (OTCMKTS:OMRNY) Shares Gap Down – Time to Sell?

Omron Corp. (OTCMKTS:OMRNY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $33.85, but opened at $32.61. Omron shares last traded at $32.61, with a volume of 195 shares traded.

Analysts Set New Price Targets

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

Omron Stock Performance

The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 0.40 and a beta of 1.14. The stock’s 50 day moving average is $35.94 and its 200 day moving average is $31.73. The company has a current ratio of 1.83, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC boosted its stake in Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,129 shares of the company’s stock after buying an additional 716 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $54,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.09% of the company’s stock.

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.