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

Shares of Rohm Co. (OTCMKTS:ROHCYGet Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $29.38, but opened at $31.86. Rohm shares last traded at $31.86, with a volume of 310 shares.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on Rohm

Rohm Stock Performance

The stock has a fifty day simple moving average of $30.90 and a 200-day simple moving average of $25.10. The stock has a market cap of $12.30 billion, a P/E ratio of -12.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.77 and a current ratio of 3.79.

Rohm (OTCMKTS:ROHCYGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The firm had revenue of $851.76 million during the quarter, compared to the consensus estimate of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. On average, equities analysts expect that Rohm Co. will post 0.81 earnings per share for the current year.

Rohm Company Profile

(Get Free Report)

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.

Further Reading

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