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Omron (OTCMKTS:OMRNY) Shares Gap Down - Here's Why

Omron logo with Computer and Technology background

Omron Corp. (OTCMKTS:OMRNY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $25.50, but opened at $24.50. Omron shares last traded at $25.31, with a volume of 885 shares traded.

Omron Stock Down 1.0%

The stock's 50-day moving average price is $26.39 and its two-hundred day moving average price is $28.88. The stock has a market capitalization of $5.16 billion, a PE ratio of 44.70 and a beta of 1.04. 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 announced its quarterly earnings data on Thursday, May 8th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.11). The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.48 billion. Omron had a net margin of 2.07% and a return on equity of 1.75%. As a group, analysts expect that Omron Corp. will post 0.42 EPS for the current fiscal year.

Institutional Trading of Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC lifted its stake in Omron Corp. (OTCMKTS:OMRNY - Free Report) by 180.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,488 shares of the company's stock after purchasing an additional 958 shares during the quarter. GAMMA Investing LLC's holdings in Omron were worth $40,000 at the end of the most recent reporting period. 1.09% of the stock is owned by institutional investors.

Omron Company Profile

(Get Free Report)

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.

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