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

Rohm Co. (OTCMKTS:ROHCY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $21.90, but opened at $25.00. Rohm shares last traded at $25.00, with a volume of 1,166 shares traded.

Wall Street Analyst Weigh In

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, the company has a consensus rating of “Hold”.

Rohm Stock Performance

The company’s fifty day moving average price is $21.19 and its 200 day moving average price is $17.20. The company has a market cap of $9.65 billion, a PE ratio of -39.68 and a beta of 1.10. 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 released its quarterly earnings results on Wednesday, February 4th. The technology company reported ($0.04) earnings per share for the quarter. The firm had revenue of $813.36 million for the quarter. Rohm had a negative return on equity of 1.07% and a negative net margin of 7.27%. On average, equities research analysts predict that Rohm Co. will post 0.24 earnings per share for the current 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.