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

Rohm Co. (OTCMKTS:ROHCYGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $23.87, but opened at $27.93. Rohm shares last traded at $27.0650, with a volume of 3,742 shares trading hands.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Rohm

Rohm Trading Up 5.8%

The firm has a market cap of $10.47 billion, a price-to-earnings ratio of -10.27 and a beta of 1.30. The firm’s 50-day moving average is $31.38 and its 200-day moving average is $24.10. The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40.

Rohm (OTCMKTS:ROHCYGet Free Report) last posted its earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.55%. The company had revenue of $711.55 million during the quarter, compared to the consensus estimate of $704.12 million. As a group, sell-side analysts anticipate that Rohm Co. will post 0.81 EPS 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.

Further Reading

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