Zacks Investment Research cut shares of OMRON (OTCMKTS:OMRNY) from a hold rating to a strong sell rating in a research report released on Thursday, Zacks.com reports.

According to Zacks, “OMRON Corporation is engaged in the manufacture and sale of automation components, equipment and systems. It operates in six segments: Industrial Automation Business, Electronic Components Business, Automotive Electronic Components Business, Social Systems Business, Healthcare Business and Business Development Group and Other Businesses. OMRON provides control components and systems, electronic components for consumer appliances, telecommunications equipment, mobile telephones, amusement devices, and office automation equipment, card authorization terminals, railway infrastructure systems, solar power conditioner equipments, computer peripheral equipments, MEMS microphone chips, and LCD backlights. It provides products and services in a variety of fields including industrial automation, electronic components, automotive electronics, social systems such as ticket gate machines and traffic control and healthcare. OMRON Corporation is headquartered in Kyoto, Japan. “

Separately, ValuEngine cut OMRON from a hold rating to a sell rating in a report on Friday, January 10th.

Shares of OMRNY opened at $58.55 on Thursday. The stock’s 50-day simple moving average is $59.48 and its 200 day simple moving average is $55.08. OMRON has a 52-week low of $38.25 and a 52-week high of $63.50.

An institutional investor recently raised its position in OMRON stock. Parametric Portfolio Associates LLC boosted its holdings in OMRON Corp (OTCMKTS:OMRNY) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 514,590 shares of the company’s stock after acquiring an additional 30,365 shares during the quarter. Parametric Portfolio Associates LLC owned 0.25% of OMRON worth $28,295,000 at the end of the most recent reporting period. 0.86% of the stock is currently owned by institutional investors.

OMRON Company Profile

OMRON Corporation manufactures and sells automation components, equipment, and systems worldwide. The company's Industrial Automation Business offers programmable and motion controllers, sensing and safety devices, inspection systems, industrial robots, precision laser processing equipment, and control devices for manufacturing industry.

Recommended Story: What Are Cryptocurrencies?

Get a free copy of the Zacks research report on OMRON (OMRNY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for OMRON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OMRON and related companies with MarketBeat.com's FREE daily email newsletter.