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

Omron Corp. (OTCMKTS:OMRNY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $41.69, but opened at $39.37. Omron shares last traded at $40.50, with a volume of 606 shares trading hands.

Analyst Upgrades and Downgrades

OMRNY has been the subject of several recent analyst reports. Zacks Research upgraded Omron from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Jefferies Financial Group downgraded Omron from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Omron Price Performance

The business’s fifty day moving average price is $40.25 and its 200-day moving average price is $36.14. The company has a market capitalization of $7.81 billion, a P/E ratio of 37.82, a P/E/G ratio of 0.79 and a beta of 1.22. The company has a current ratio of 1.93, a quick ratio of 1.49 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC increased its position in Omron Corp. (OTCMKTS:OMRNY) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,536 shares of the company’s stock after buying 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 and Exchange Commission (SEC). 1.09% of the stock is currently owned by institutional investors and hedge funds.

About Omron

Omron Corporation is a Japan-based technology company that develops automation, sensing, control and healthcare solutions. Its products include industrial sensors, controllers, machine-vision and inspection systems, safety equipment, robotics and other factory-automation technologies used to improve manufacturing productivity and quality.

Through its healthcare business, Omron provides blood-pressure monitors, electrocardiographs, nebulizers, body-composition monitors and related digital health services for consumers and medical professionals.