Omron (OTCMKTS:OMRNY) Shares Gap Down - Should You Sell?

Key Points

• Omron Corp.'s shares gapped down from $26.79 to $26.11, indicating a notable decrease prior to market opening on Monday.
• The company reported quarterly earnings of $0.24 per share, exceeding the consensus estimate of $0.19, but revenue fell short at $1.29 billion against an expectation of $1.31 billion.
• GAMMA Investing LLC significantly increased its stake in Omron by 180.8% during the second quarter, holding 1,488 shares valued at approximately $40,000.

Omron Corp. (OTCMKTS:OMRNY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $26.79, but opened at $26.11. Omron shares last traded at $26.11, with a volume of 352 shares changing hands.

Omron Trading Down 2.1%

The stock's fifty day moving average price is $26.24 and its two-hundred day moving average price is $27.35. The company has a market capitalization of $5.55 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 0.39 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 2.34 and a debt-to-equity ratio of 0.13.

Omron (OTCMKTS:OMRNY - Get Free Report) last released its quarterly 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 analysts' expectations of $1.31 billion. Omron had a net margin of 4.04% and a return on equity of 3.46%. Sell-side analysts anticipate 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 holdings in shares of Omron Corp. (OTCMKTS:OMRNY - Free Report) by 180.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.09% of the stock is owned by institutional investors and hedge funds.

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.