Rohm (OTCMKTS:ROHCY) Trading Up 14.2% – Still a Buy?

Rohm Co. (OTCMKTS:ROHCY) traded up 14.2% on Tuesday . The stock traded as high as $32.27 and last traded at $32.27. 453 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 3,311 shares. The stock had previously closed at $28.25.

Analysts Set New Price Targets

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

Rohm Stock Performance

The stock has a market cap of $12.59 billion, a PE ratio of -12.35 and a beta of 1.10. The company has a quick ratio of 2.30, a current ratio of 3.34 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $22.93 and a 200 day moving average of $18.12.

Rohm (OTCMKTS:ROHCY) last posted its earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%.The company had revenue of $711.55 million for the quarter, compared to the consensus estimate of $704.12 million. Equities analysts predict 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.