Rohm (OTCMKTS:ROHCY) Shares Gap Up – Should You Buy?

Rohm Co. (OTCMKTS:ROHCY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $26.02, but opened at $28.25. Rohm shares last traded at $28.25, with a volume of 999 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Rohm to a “hold” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Rohm presently has a consensus rating of “Hold”.

Rohm Stock Up 1.1%

The firm has a market cap of $11.03 billion, a price-to-earnings ratio of -10.82 and a beta of 1.10. The firm’s fifty day moving average is $22.78 and its two-hundred day moving average is $18.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.34 and a quick ratio of 2.30.

Rohm (OTCMKTS:ROHCY) last posted its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. The business had revenue of $711.55 million during 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%. On average, sell-side analysts expect that Rohm Co. will post 0.64 EPS for the current fiscal 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.