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

Omron Corp. (OTCMKTS:OMRNY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $43.90, but opened at $41.73. Omron shares last traded at $41.19, with a volume of 1,345 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OMRNY. Zacks Research upgraded shares of Omron from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Jefferies Financial Group downgraded Omron from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Omron Price Performance

The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 0.65 and a beta of 1.14. The company has a current ratio of 1.83, a quick ratio of 1.41 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $36.50 and a 200 day simple moving average of $33.65.

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.