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

Key Points

• Omron Corp.'s shares gapped down from a previous close of $27.28 to open at $26.50, eventually trading at $26.90 with a volume of 2,186 shares.
• The company reported earnings of $0.24 per share, exceeding estimates, despite a slight miss in revenue with $1.29 billion compared to the expected $1.31 billion.
• GAMMA Investing LLC significantly increased its stake in Omron by 831.8% during the first quarter, holding 14,946 shares worth $421,000.

Omron Corp. (OTCMKTS:OMRNY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $27.28, but opened at $26.50. Omron shares last traded at $26.90, with a volume of 2,186 shares changing hands.

Omron Trading Up 0.1%

The company has a market cap of $5.63 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 0.39 and a beta of 1.04. The company has a 50-day moving average of $26.41 and a 200 day moving average of $27.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.34 and a quick ratio of 1.54.

Omron (OTCMKTS:OMRNY - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. Omron had a net margin of 4.04% and a return on equity of 3.46%. Analysts predict that Omron Corp. will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Omron

An institutional investor recently raised its position in Omron stock. GAMMA Investing LLC increased its position in Omron Corp. (OTCMKTS:OMRNY - Free Report) by 831.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,946 shares of the company's stock after buying an additional 13,342 shares during the period. GAMMA Investing LLC's holdings in Omron were worth $421,000 as of its most recent SEC filing. 1.09% of the stock is owned by hedge funds and other institutional investors.

Omron Company Profile

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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