OMRON (OTCMKTS:OMRNY) Shares Up 2% – Still a Buy?

Shares of OMRON Co. (OTCMKTS:OMRNY) shot up 2% during trading on Monday . The stock traded as high as $40.19 and last traded at $40.19. 18,610 shares were traded during mid-day trading, a decline of 57% from the average session volume of 42,920 shares. The stock had previously closed at $39.41.

OMRON Stock Up 0.8 %

The company has a market cap of $8.38 billion, a price-to-earnings ratio of -80.54 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.52 and a current ratio of 2.29. The business has a 50-day simple moving average of $42.46 and a 200-day simple moving average of $37.67.

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

Institutional Investors Weigh In On OMRON

A hedge fund recently raised its stake in OMRON stock. GAMMA Investing LLC raised its holdings in OMRON Co. (OTCMKTS:OMRNY) by 329.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,542 shares of the company’s stock after acquiring an additional 1,183 shares during the quarter. GAMMA Investing LLC’s holdings in OMRON were worth $54,000 as of its most recent filing with the SEC. Institutional investors own 1.09% of the company’s stock.

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.