Rohm (OTCMKTS:ROHCY) Trading Up 7.9% – Time to Buy?

Rohm Co. (OTCMKTS:ROHCY) was up 7.9% during trading on Monday . The company traded as high as $22.10 and last traded at $22.10. Approximately 436 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 3,389 shares. The stock had previously closed at $20.49.

Analyst Upgrades and Downgrades

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

Rohm Price Performance

The business has a 50-day simple moving average of $21.10 and a 200 day simple moving average of $17.15. The stock has a market cap of $8.54 billion, a P/E ratio of -35.13 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 released its quarterly earnings results on Wednesday, February 4th. The technology company reported ($0.04) EPS for the quarter. Rohm had a negative net margin of 7.27% and a negative return on equity of 1.07%. The company had revenue of $813.36 million during the quarter. On average, analysts forecast that Rohm Co. will post 0.24 earnings per share 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.