Omron (OTCMKTS:OMRNY) Shares Gap Down – Should You Sell?

Omron Corp. (OTCMKTS:OMRNYGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $26.49, but opened at $25.44. Omron shares last traded at $26.28, with a volume of 635 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Omron from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Report on Omron

Omron Price Performance

The company has a market cap of $5.43 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 0.42 and a beta of 0.97. The company’s 50-day simple moving average is $27.01 and its 200-day simple moving average is $26.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.14 and a quick ratio of 1.40.

Omron (OTCMKTS:OMRNYGet Free Report) last posted its earnings results on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.34 billion. Omron had a return on equity of 3.01% and a net margin of 3.47%. On average, equities research analysts anticipate that Omron Corp. will post 0.42 EPS for the current year.

Institutional Trading of Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC raised its stake in shares of Omron Corp. (OTCMKTS:OMRNYFree Report) by 180.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,488 shares of the company’s stock after acquiring an additional 958 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $40,000 at the end of the most recent quarter. 1.09% of the stock is currently owned by hedge funds and other institutional investors.

Omron Company Profile

(Get Free Report)

OMRON Corporation engages in industrial automation, device and module solutions, social systems, and healthcare businesses worldwide. The Industrial Automation Business offers sensors, switches, safety and control components, relays, motion and drives, robotics, energy conservation, power supplies, and automation system products.

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