Rohm (OTCMKTS:ROHCY) Stock Price Down 11.1% – Here’s Why

Rohm Co. (OTCMKTS:ROHCY) shares fell 11.1% during mid-day trading on Monday. The company traded as low as $30.11 and last traded at $30.11. Approximately 573 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 3,662 shares. The stock had previously closed at $33.8662.

Rohm Stock Down 4.1%

The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of -11.83 and a beta of 1.36. The firm has a 50 day simple moving average of $30.65 and a 200-day simple moving average of $28.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.17 and a quick ratio of 3.12.

Rohm (OTCMKTS:ROHCY) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Rohm had a positive return on equity of 4.39% and a negative net margin of 29.85%. The firm had revenue of $851.76 million during the quarter, compared to the consensus estimate of $813.37 million. On average, sell-side analysts forecast that Rohm Co. will post 0.72 EPS for the current fiscal year.

About Rohm

ROHM Co, Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and produces integrated circuits, discrete semiconductors, power devices, modules, sensors, and other components used in automotive, industrial, consumer electronics, and communications applications.

ROHM’s product portfolio includes analog and power-management ICs, microcontrollers, memory products, LEDs, laser diodes, resistors, diodes, transistors, and silicon carbide (SiC) power semiconductors.