Omron Corp. (OTCMKTS:OMRNY – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 9,250 shares, a decline of 78.6% from the May 31st total of 43,288 shares. Based on an average daily trading volume, of 140,946 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Omron Trading Up 0.2%
Shares of OMRNY traded up $0.08 during midday trading on Monday, hitting $34.88. 143,097 shares of the stock were exchanged, compared to its average volume of 61,014. Omron has a 52-week low of $23.23 and a 52-week high of $40.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.41 and a current ratio of 1.83. The stock has a fifty day simple moving average of $35.47 and a 200 day simple moving average of $30.68. The firm has a market cap of $6.86 billion, a P/E ratio of 36.72, a P/E/G ratio of 0.43 and a beta of 1.15.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on OMRNY. Jefferies Financial Group downgraded shares of Omron from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Zacks Research downgraded shares of Omron from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Omron currently has a consensus rating of “Reduce”.
Hedge Funds Weigh In On Omron
An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC boosted its stake in Omron Corp. (OTCMKTS:OMRNY – Free Report) by 50.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,129 shares of the company’s stock after acquiring 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. 1.09% of the stock is currently owned by hedge funds and other institutional investors.
Omron Company Profile
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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