Omron (OTCMKTS:OMRNY) Shares Gap Down – Here’s Why

Omron Corp. (OTCMKTS:OMRNY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $43.90, but opened at $41.73. Omron shares last traded at $41.19, with a volume of 1,345 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OMRNY. Zacks Research upgraded shares of Omron from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Jefferies Financial Group lowered Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Omron Trading Down 2.4%

The company has a quick ratio of 1.41, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $36.50 and a 200-day simple moving average of $33.65. The company has a market cap of $8.08 billion, a PE ratio of 39.12, a price-to-earnings-growth ratio of 0.65 and a beta of 1.14.

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.