Rohm (OTCMKTS:ROHCY) Shares Gap Down – Here’s What Happened

Rohm Co. (OTCMKTS:ROHCYGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $31.8640, but opened at $28.00. Rohm shares last traded at $28.00, with a volume of 157 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised Rohm to a “buy” rating in a research report on Monday, June 8th. Zacks Research upgraded shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on Rohm

Rohm Price Performance

The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40. The firm has a market cap of $10.81 billion, a PE ratio of -10.61 and a beta of 1.30. The stock has a 50 day simple moving average of $31.12 and a 200-day simple moving average of $23.18.

Rohm (OTCMKTS:ROHCYGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. The business had revenue of $711.55 million for the quarter, compared to the consensus estimate of $704.12 million. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%. Equities analysts anticipate that Rohm Co. will post 0.81 earnings per share for the current fiscal year.

About Rohm

(Get Free Report)

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.

Recommended Stories

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