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

Omron Corp. (OTCMKTS:OMRNY) shares gapped down before the market opened on Friday. The stock had previously closed at $34.7520, but opened at $33.12. Omron shares last traded at $34.3550, with a volume of 1,499 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Omron from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Omron Trading Down 2.5%

The company has a quick ratio of 1.49, a current ratio of 1.93 and a debt-to-equity ratio of 0.09. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 0.70 and a beta of 1.22. The company’s 50-day moving average price is $39.73 and its 200-day moving average price is $36.83.

Institutional Trading of Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC lifted its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,536 shares of the company’s stock after acquiring an additional 382 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $144,000 as of its most recent filing with the Securities & Exchange Commission. 1.09% of the stock is owned by institutional investors and hedge funds.

About Omron

Omron Corporation is a Japan-based technology company that develops automation, sensing, control and healthcare solutions. Its industrial automation business offers programmable controllers, sensors, vision systems, motion-control equipment, robotics, safety products and related software for manufacturing and other industrial applications.

The company also provides healthcare products and services, including blood pressure monitors, thermometers, body composition monitors, nebulizers and electronic medical equipment.