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

Rohm Co. (OTCMKTS:ROHCY) shares gapped up before the market opened on Monday . The stock had previously closed at $21.80, but opened at $22.98. Rohm shares last traded at $22.98, with a volume of 172 shares changing hands.

Wall Street Analysts Forecast Growth

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

Rohm Trading Up 2.1%

The company’s fifty day simple moving average is $19.14 and its 200-day simple moving average is $16.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.34 and a quick ratio of 2.30. The firm has a market capitalization of $8.87 billion, a PE ratio of -36.48 and a beta of 1.10.

Rohm (OTCMKTS:ROHCY) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported ($0.04) earnings per share for the quarter. The business had revenue of $813.36 million during the quarter. Rohm had a negative return on equity of 1.07% and a negative net margin of 7.27%.

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.