Rohm Co. (OTCMKTS:ROHCY – Get Free Report)’s share price dropped 13.3% during trading on Tuesday . The company traded as low as $24.5950 and last traded at $24.5950. Approximately 938 shares changed hands during trading, a decline of 77% from the average daily volume of 3,993 shares. The stock had previously closed at $28.36.
Analysts Set New Price Targets
ROHCY has been the topic of several research reports. Zacks Research upgraded shares of Rohm to a “hold” rating in a report on Wednesday, April 8th. The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Read Our Latest Research Report on Rohm
Rohm Stock Performance
Rohm (OTCMKTS:ROHCY – Get Free Report) last announced its quarterly earnings results 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 3.55% and a negative net margin of 31.42%.The company had revenue of $711.55 million during the quarter, compared to the consensus estimate of $704.12 million. On average, sell-side analysts anticipate that Rohm Co. will post 0.81 earnings per share 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.
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