OMRON (OTCMKTS:OMRNY) Hits New 1-Year Low at $46.34

OMRON Co. (OTCMKTS:OMRNYGet Rating)’s share price reached a new 52-week low on Friday . The stock traded as low as $46.34 and last traded at $46.75, with a volume of 23658 shares changing hands. The stock had previously closed at $48.05.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered OMRON from a “buy” rating to a “neutral” rating in a report on Thursday, June 16th.

OMRON Stock Down 2.7 %

The company has a market cap of $9.64 billion, a price-to-earnings ratio of 22.46 and a beta of 1.12. The company has a fifty day simple moving average of $53.30 and a two-hundred day simple moving average of $56.52.

OMRON (OTCMKTS:OMRNYGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.45). OMRON had a net margin of 6.54% and a return on equity of 7.51%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.59 billion. On average, research analysts predict that OMRON Co. will post 2.47 EPS for the current year.

Institutional Trading of OMRON

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its position in shares of OMRON by 37.8% in the first quarter. Captrust Financial Advisors now owns 1,404 shares of the company’s stock valued at $94,000 after acquiring an additional 385 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of OMRON by 5.1% in the first quarter. Fisher Asset Management LLC now owns 1,843,661 shares of the company’s stock valued at $124,769,000 after acquiring an additional 89,792 shares in the last quarter. Finally, Mitchell Capital Management Co. lifted its position in shares of OMRON by 4.0% in the first quarter. Mitchell Capital Management Co. now owns 19,228 shares of the company’s stock valued at $1,293,000 after acquiring an additional 746 shares in the last quarter.

About OMRON

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OMRON Corporation engages in industrial automation, electronic and mechanical components, social systems, and healthcare businesses worldwide. The company's Industrial Automation Business offers sensors, switches, safety and control components, relays, automation systems, motion/drives, robotics, energy conservation support/environment measure equipment, and power supplies.

Further Reading

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