Omron Corp. (OTCMKTS:OMRNY – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $34.04, but opened at $31.46. Omron shares last traded at $31.27, with a volume of 2,487 shares.
Analysts Set New Price Targets
A number of research firms have commented on OMRNY. Zacks Research downgraded shares of Omron from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Jefferies Financial Group cut shares of Omron from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Omron presently has a consensus rating of “Reduce”.
Get Our Latest Report on OMRNY
Omron Stock Performance
Hedge Funds Weigh In On Omron
An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC boosted its stake in shares of Omron Corp. (OTCMKTS:OMRNY – Free Report) by 50.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. 1.09% of the stock is owned by institutional investors.
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.
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