Omron (OTCMKTS:OMRNY) Shares Gap Up – Time to Buy?

Omron Corp. (OTCMKTS:OMRNY) gapped up prior to trading on Thursday . The stock had previously closed at $31.2150, but opened at $32.65. Omron shares last traded at $32.8050, with a volume of 7,933 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Omron from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Omron Stock Performance

The company’s 50 day simple moving average is $26.50 and its 200 day simple moving average is $26.68. The stock has a market cap of $6.77 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 0.63 and a beta of 0.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.40 and a current ratio of 2.14.

Omron (OTCMKTS:OMRNY) last released its earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.19). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. Omron had a net margin of 2.80% and a return on equity of 2.46%. Omron has set its FY 2025 guidance at 0.960-0.960 EPS. Analysts expect that Omron Corp. will post 0.42 earnings per share for the current year.

Institutional Trading of Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC raised its stake in Omron Corp. (OTCMKTS:OMRNY) by 50.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,129 shares of the company’s stock after acquiring an additional 716 shares during the quarter. GAMMA Investing LLC’s holdings in Omron were worth $54,000 as of its most recent filing with the Securities & Exchange Commission. 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.