Rohm (OTCMKTS:ROHCY) Shares Gap Up – Time to Buy?

Rohm Co. (OTCMKTS:ROHCY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $22.53, but opened at $24.00. Rohm shares last traded at $24.00, with a volume of 133 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Rohm to a “hold” rating in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Rohm has an average rating of “Hold”.

Rohm Stock Up 6.5%

The firm’s 50 day moving average is $20.38 and its two-hundred day moving average is $16.80. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of -38.10 and a beta of 1.10. The company has a current ratio of 3.34, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32.

Rohm (OTCMKTS:ROHCY) last announced its earnings results on Wednesday, February 4th. The technology company reported ($0.04) earnings per share for the quarter. Rohm had a negative net margin of 7.27% and a negative return on equity of 1.07%. The firm had revenue of $813.36 million during the quarter. On average, sell-side analysts predict that Rohm Co. will post 0.24 EPS for the current year.

Rohm Company Profile

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.