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

Omron Corp. (OTCMKTS:OMRNY) gapped down before the market opened 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 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. The firm’s 50-day simple moving average is $33.44 and its 200 day simple moving average is $29.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 2.11.

Institutional Investors Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC increased its holdings in Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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. Hedge funds and other institutional investors own 1.09% of the company’s stock.

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.