OMRON (OTCMKTS:OMRNY) Stock Price Down 1.8%

OMRON Co. (OTCMKTS:OMRNY) traded down 1.8% during mid-day trading on Friday . The company traded as low as $39.94 and last traded at $40.46. Approximately 44,084 shares changed hands during trading, a decline of 7% from the average daily volume of 47,519 shares. The stock had previously closed at $41.19.

OMRON Price Performance

The firm’s 50 day moving average is $37.29 and its 200 day moving average is $36.08. The firm has a market cap of $8.34 billion, a P/E ratio of 130.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.29 and a quick ratio of 1.52.

OMRON (OTCMKTS:OMRNY) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.31) earnings per share for the quarter. The company had revenue of $1.18 billion during the quarter. OMRON had a negative return on equity of 1.63% and a negative net margin of 1.84%. As a group, analysts anticipate that OMRON Co. will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On OMRON

A hedge fund recently raised its stake in OMRON stock. GAMMA Investing LLC raised its position in shares of OMRON Co. (OTCMKTS:OMRNY) by 329.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor 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. Hedge funds and other 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.