Rohm (OTCMKTS:ROHCY) Shares Gap Down – Here’s What Happened

Rohm Co. (OTCMKTS:ROHCY) gapped down prior to trading on Thursday. The stock had previously closed at $33.9820, but opened at $31.50. Rohm shares last traded at $31.50, with a volume of 352 shares trading hands.

Rohm Price Performance

The company has a fifty day moving average of $30.44 and a 200-day moving average of $28.52. The stock has a market cap of $12.16 billion, a PE ratio of -12.26 and a beta of 1.36. The company has a current ratio of 4.17, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39.

Rohm (OTCMKTS:ROHCY) last released its earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $851.76 million during the quarter, compared to analyst estimates of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.39%. Sell-side analysts expect that Rohm Co. will post 0.72 EPS for the current fiscal year.

Rohm Company Profile

ROHM Co, Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and produces integrated circuits, discrete semiconductors, power devices, modules, sensors, and other components used in automotive, industrial, consumer electronics, and communications applications.

ROHM’s product portfolio includes analog and power-management ICs, microcontrollers, memory products, LEDs, laser diodes, resistors, diodes, transistors, and silicon carbide (SiC) power semiconductors.