Omron (OTCMKTS:OMRNY) Upgraded at Zacks Research

Zacks Research upgraded shares of Omron (OTCMKTS:OMRNY) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Omron Price Performance

OMRNY stock opened at $24.92 on Monday. The company’s 50-day moving average price is $25.34 and its two-hundred day moving average price is $26.40. The firm has a market cap of $5.14 billion, a P/E ratio of 25.69, a P/E/G ratio of 0.39 and a beta of 0.97. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 0.13. Omron has a 12 month low of $23.23 and a 12 month high of $34.72.

Omron (OTCMKTS:OMRNY) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.34 billion. Omron had a return on equity of 3.01% and a net margin of 3.47%. On average, analysts anticipate that Omron will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Omron

A hedge fund recently raised its stake in Omron stock. GAMMA Investing LLC boosted its stake in shares of Omron Corp. (OTCMKTS:OMRNY) by 180.8% during the 2nd quarter, according to its most recent 13F filing 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 quarter. GAMMA Investing LLC’s holdings in Omron were worth $40,000 as of its most recent SEC filing. 1.09% of the stock is currently owned by institutional investors and hedge funds.

Omron Company Profile

Omron Corporation (OTCMKTS: OMRNY) is a global leader in automation, sensing, and control technologies. The company designs, manufactures, and sells a wide range of products and solutions for industrial, healthcare and social systems applications. Its core business segments include industrial automation—featuring programmable logic controllers, sensors, relays, servo motors and temperature controllers—and healthcare products such as blood pressure monitors, digital thermometers and nebulizers.

Founded in 1933 by Kazuma Tateishi in Kyoto, Japan, Omron began with the development of the first Japanese automatic timer.