OMRON (OTCMKTS:OMRNY) Shares Up 2% – Here’s Why

OMRON Co. (OTCMKTS:OMRNY)’s stock price rose 2% during trading on Monday . The stock traded as high as $40.19 and last traded at $40.19. Approximately 18,610 shares were traded during trading, a decline of 57% from the average daily volume of 42,920 shares. The stock had previously closed at $39.41.

OMRON Stock Up 0.8 %

The company has a current ratio of 2.29, a quick ratio of 1.52 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $8.38 billion, a PE ratio of -80.54 and a beta of 1.09. The firm has a 50 day moving average of $42.46 and a two-hundred day moving average of $37.67.

OMRON (OTCMKTS:OMRNY) last announced its earnings results on Friday, August 2nd. The company reported ($0.31) earnings per share (EPS) for the quarter. The business had revenue of $1.18 billion for the quarter. OMRON had a negative return on equity of 1.63% and a negative net margin of 1.84%. Equities research analysts anticipate that OMRON Co. will post 0.41 earnings per share for the current year.

Institutional Trading of OMRON

A hedge fund recently raised its stake in OMRON stock. GAMMA Investing LLC grew its holdings in shares of OMRON Co. (OTCMKTS:OMRNY) by 329.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,542 shares of the company’s stock after purchasing an additional 1,183 shares during the quarter. GAMMA Investing LLC’s holdings in OMRON were worth $54,000 at the end of the most recent quarter. 1.09% of the stock is currently owned by institutional investors.

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.