Rohm (OTCMKTS:ROHCY) Sees Large Volume Increase – What’s Next?

Shares of Rohm Co. (OTCMKTS:ROHCY) saw unusually-strong trading volume on Thursday . Approximately 9,804 shares traded hands during trading, an increase of 197% from the previous session’s volume of 3,304 shares.The stock last traded at $31.63 and had previously closed at $31.99.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Rohm to a “hold” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Rohm Stock Performance

The company has a market cap of $12.31 billion, a P/E ratio of -12.08 and a beta of 1.10. The company’s 50-day moving average is $23.37 and its two-hundred day moving average is $18.36. The company has a quick ratio of 2.30, a current ratio of 3.34 and a debt-to-equity ratio of 0.32.

Rohm (OTCMKTS:ROHCY) last released 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 negative net margin of 31.42% and a positive return on equity of 3.39%. Equities analysts predict that Rohm Co. will post 0.64 EPS for the current year.

About Rohm

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.