OMRON (OTCMKTS:OMRNY) Shares Down 0% – Should You Sell?

OMRON Co. (OTCMKTS:OMRNY)’s stock price dropped 0% on Wednesday . The company traded as low as $31.95 and last traded at $32.14. Approximately 96,619 shares were traded during trading, an increase of 123% from the average daily volume of 43,317 shares. The stock had previously closed at $32.15.

OMRON Trading Down 0.0 %

The company has a quick ratio of 1.52, a current ratio of 2.20 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $38.55 and its two-hundred day simple moving average is $37.56.

OMRON (OTCMKTS:OMRNY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion during the quarter. OMRON had a negative return on equity of 0.09% and a negative net margin of 0.11%. Sell-side analysts forecast that OMRON Co. will post 0.41 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 raised its stake in OMRON Co. (OTCMKTS:OMRNY) by 329.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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.