Omron (OTCMKTS:OMRNY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Omron Corp. experienced a 35% increase in trading volume on Wednesday, with approximately 73,275 shares traded compared to the previous session's 54,134 shares.
• The company reported earnings per share (EPS) of $0.24 for the last quarter, exceeding the consensus estimate of $0.19, with total revenue of $1.29 billion.
• GAMMA Investing LLC raised its stake in Omron by 831.8%, now holding 14,946 shares valued at approximately $421,000, indicating strong institutional interest in the stock.

Omron Corp. (OTCMKTS:OMRNY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 73,275 shares changed hands during trading, an increase of 35% from the previous session's volume of 54,134 shares.The stock last traded at $26.47 and had previously closed at $26.33.

Omron Stock Performance

The company's fifty day simple moving average is $26.25 and its two-hundred day simple moving average is $28.05. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 24.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.57 and a current ratio of 2.31.

Omron (OTCMKTS:OMRNY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.31 billion. Omron had a net margin of 4.04% and a return on equity of 3.49%. Equities research analysts predict that Omron Corp. will post 0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC increased its position in shares of Omron Corp. (OTCMKTS:OMRNY - Free Report) by 831.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,946 shares of the company's stock after purchasing an additional 13,342 shares during the quarter. GAMMA Investing LLC's holdings in Omron were worth $421,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.09% of the company's stock.

About Omron

OMRON Corporation engages in industrial automation, device and module solutions, social systems, and healthcare businesses worldwide. The Industrial Automation Business offers sensors, switches, safety and control components, relays, motion and drives, robotics, energy conservation, power supplies, and automation system products.