Omron (OTCMKTS:OMRNY) Shares Climb 7.8% – Should You Buy?

Omron Corp. (OTCMKTS:OMRNY) traded up 7.8% during mid-day trading on Tuesday. The stock traded as high as $32.40 and last traded at $31.92. 38,773 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 44,052 shares. The stock had previously closed at $29.62.

Analyst Ratings Changes

Separately, Zacks Research raised Omron from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Omron Trading Down 0.8%

The company has a market capitalization of $6.39 billion, a P/E ratio of 29.52, a P/E/G ratio of 0.64 and a beta of 1.29. The stock’s 50 day moving average is $37.79 and its 200-day moving average is $34.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.93 and a quick ratio of 1.49.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC increased its position in Omron Corp. (OTCMKTS:OMRNY) by 12.1% in the third 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 purchasing an additional 382 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $144,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.09% of the company’s stock.

Omron Company Profile

Omron Corporation is a Japanese technology company that develops and manufactures automation, healthcare, and electronic products. Founded in 1933 by Kazuma Tateishi, the company began as an electronics manufacturer and has since expanded into a range of industrial and consumer markets. Omron’s industrial automation business provides equipment and systems such as sensors, controllers, robotics, and inspection devices for manufacturing and other operations. Its healthcare products include blood pressure monitors, thermometers, and respiratory-care devices, while its social systems business supplies technologies for areas such as transportation and energy management.