Omron (OTCMKTS:OMRNY) Shares Gap Up – Still a Buy?

Omron Corp. (OTCMKTS:OMRNY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $38.68, but opened at $40.45. Omron shares last traded at $39.43, with a volume of 1,480 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OMRNY shares. Zacks Research raised shares of Omron from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Jefferies Financial Group cut shares of 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, According to data from MarketBeat, the stock has an average rating of “Hold”.

Omron Price Performance

The firm has a market capitalization of $7.77 billion, a PE ratio of 37.62, a P/E/G ratio of 0.75 and a beta of 1.16. 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 has a fifty day moving average price of $37.98 and a 200-day moving average price of $34.90.

Omron Company Profile

Omron Corporation is a Japanese technology company that develops and manufactures automation, sensing, control and healthcare products. Founded in 1933 as Tateisi Electric Manufacturing Co, the company adopted the Omron name in 1990 and has grown into a global provider of industrial and electronic solutions.

Its industrial automation business supplies factory automation equipment and systems, including sensors, controllers, switches, safety components, machine vision products and robotics.