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

Rohm Co. (OTCMKTS:ROHCY) shares gapped up before the market opened on Thursday . The stock had previously closed at $32.50, but opened at $34.10. Rohm shares last traded at $34.10, with a volume of 318 shares.

Wall Street Analyst Weigh In

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

Rohm Stock Performance

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 stock has a 50-day simple moving average of $24.61 and a 200 day simple moving average of $19.02. The company has a market capitalization of $13.20 billion, a PE ratio of -12.95 and a beta of 1.30.

Rohm (OTCMKTS:ROHCY) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%.The business had revenue of $711.55 million for the quarter, compared to the consensus estimate of $704.12 million. Equities analysts anticipate that Rohm Co. will post 0.64 EPS for the current fiscal 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.