Omron (OTCMKTS:OMRNY) Shares Gap Down – What’s Next?

Shares of Omron Corp. (OTCMKTS:OMRNY) gapped down prior to trading on Tuesday . The stock had previously closed at $39.92, but opened at $37.33. Omron shares last traded at $37.33, with a volume of 255 shares changing hands.

Wall Street Analysts Forecast Growth

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

Omron Stock Down 3.0%

The stock has a market capitalization of $7.63 billion, a P/E ratio of 36.96, a price-to-earnings-growth ratio of 0.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.41. The stock has a fifty day moving average price of $37.83 and a 200 day moving average price of $34.77.

Omron Company Profile

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.