Rohm (OTCMKTS:ROHCY) Shares Gap Down After Earnings Miss

Rohm Co. (OTCMKTS:ROHCY)’s stock price gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $22.47, but opened at $19.64. Rohm shares last traded at $19.64, with a volume of 175 shares trading hands.

The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.16). Rohm had a positive return on equity of 4.39% and a negative net margin of 29.85%.

Rohm Price Performance

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 company’s fifty day moving average price is $28.68 and its 200 day moving average price is $25.93. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of -7.64 and a beta of 1.48.

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.