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

Rohm Co. (OTCMKTS:ROHCY) gapped down before the market opened on Wednesday. The stock had previously closed at $25.3850, but opened at $24.11. Rohm shares last traded at $24.11, with a volume of 230 shares traded.

Rohm Stock Down 3.1%

The firm has a market capitalization of $9.32 billion, a P/E ratio of -9.39 and a beta of 1.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 4.17. The business’s fifty day moving average price is $30.33 and its two-hundred day moving average price is $29.02.

Rohm (OTCMKTS:ROHCY) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $813.37 million. Equities analysts expect that Rohm Co. will post 0.72 earnings per share for the current fiscal year.

Rohm Company Profile

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

Its product portfolio includes power management and analog ICs, microcontrollers, LEDs, diodes, transistors, resistors, sensors and timing devices. ROHM also focuses on power semiconductors made with silicon carbide (SiC) and other advanced materials, which are designed to support greater energy efficiency in electric vehicles, charging systems, renewable-energy equipment and industrial power supplies.

Founded in 1958 as Toyo Denpa Kogyo Co, Ltd., the company adopted the name ROHM Co, Ltd.