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

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)'s share price 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 trading hands.

Omron Stock Performance

The business has a 50-day moving average of $26.16 and a two-hundred day moving average of $27.41. The company has a market cap of $5.53 billion, a P/E ratio of 24.17, a P/E/G ratio of 0.38 and a beta of 1.04. 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 quarterly earnings results on Wednesday, August 6th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. Omron had a return on equity of 3.46% and a net margin of 4.04%.The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, sell-side analysts predict that Omron Corp. will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC grew its holdings in Omron Corp. (OTCMKTS:OMRNY - Free Report) by 180.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,488 shares of the company's stock after buying an additional 958 shares during the quarter. GAMMA Investing LLC's holdings in Omron were worth $40,000 as of its most recent SEC filing. 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.

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