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

Omron Corp. (OTCMKTS:OMRNY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $39.0450, but opened at $37.30. Omron shares last traded at $37.24, with a volume of 2,035 shares traded.

Omron Stock Down 0.4%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 2.11. The firm’s 50-day moving average is $33.44 and its 200 day moving average is $29.57. The firm has a market capitalization of $7.29 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 0.45 and a beta of 1.15.

Hedge Funds Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC increased its position in Omron Corp. (OTCMKTS:OMRNY) by 50.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,129 shares of the company’s stock after buying an additional 716 shares during the period. GAMMA Investing LLC’s holdings in Omron were worth $54,000 as of its most recent SEC filing. 1.09% of the stock is currently owned by hedge funds and other institutional investors.

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.