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Omron (OTCMKTS:OMRNY) Shares Gap Up - Still a Buy?

Omron logo with Computer and Technology background

Shares of Omron Corp. (OTCMKTS:OMRNY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $25.34, but opened at $27.35. Omron shares last traded at $27.25, with a volume of 2,749 shares.

Omron Trading Down 1.2%

The company has a quick ratio of 1.57, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $26.25 and a two-hundred day moving average price of $28.75. The company has a market cap of $5.61 billion, a P/E ratio of 48.55 and a beta of 1.04.

Omron (OTCMKTS:OMRNY - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.11). Omron had a return on equity of 1.75% and a net margin of 2.07%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.48 billion. On average, analysts predict that Omron Corp. will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC lifted its stake in Omron Corp. (OTCMKTS:OMRNY - Free Report) by 180.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,488 shares of the company's stock after buying an additional 958 shares during the period. GAMMA Investing LLC's holdings in Omron were worth $40,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.09% of the company's stock.

About Omron

(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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