Rohm (OTCMKTS:ROHCY) Shares Gap Up – Should You Buy?

Rohm Co. (OTCMKTS:ROHCY) shares gapped up before the market opened on Friday . The stock had previously closed at $21.90, but opened at $25.00. Rohm shares last traded at $25.00, with a volume of 1,166 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Rohm Price Performance

The stock has a market capitalization of $9.69 billion, a PE ratio of -39.83 and a beta of 1.10. The company has a current ratio of 3.34, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32. The company’s 50 day simple moving average is $21.19 and its 200 day simple moving average is $17.20.

Rohm (OTCMKTS:ROHCY) last released its earnings results on Wednesday, February 4th. The technology company reported ($0.04) EPS for the quarter. The firm had revenue of $813.36 million during the quarter. Rohm had a negative return on equity of 1.07% and a negative net margin of 7.27%. On average, equities analysts anticipate that Rohm Co. will post 0.24 earnings per share for the current year.

About Rohm

Rohm Co, Ltd., trading in the U.S. as OTCMKTS:ROHCY, is a Japanese semiconductor manufacturer headquartered in Kyoto, Japan. Established in 1958, the company specializes in the design, development and manufacture of a wide range of electronic components. Its product portfolio encompasses analog and mixed-signal integrated circuits, power management devices, discrete semiconductors, optoelectronics and a variety of passive components including chip resistors and capacitors.

Rohm’s semiconductor offerings serve applications across automotive, industrial, computing, communications and consumer electronics markets.