Rohm (OTCMKTS:ROHCY) Shares Gap Up – Here’s Why

Rohm Co. (OTCMKTS:ROHCY) 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 traded.

Wall Street Analysts Forecast Growth

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

Rohm Stock Performance

The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of -12.01 and a beta of 1.30. The firm has a fifty day moving average of $25.10 and a 200 day moving average of $19.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.34 and a quick ratio of 2.30.

Rohm (OTCMKTS:ROHCY) last posted its earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. The firm had revenue of $711.55 million for the quarter, compared to analyst estimates of $704.12 million. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%. On average, sell-side analysts anticipate that Rohm Co. will post 0.64 earnings per share 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.