Rohm (OTCMKTS:ROHCY) Shares Gap Up – Still a Buy?

Rohm Co. (OTCMKTS:ROHCY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $29.75, but opened at $33.08. Rohm shares last traded at $33.08, with a volume of 207 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Rohm to a “hold” rating in a report on Wednesday, April 8th. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Rohm has an average rating of “Moderate Buy”.

Rohm Price Performance

The company’s 50 day simple moving average is $26.14 and its 200 day simple moving average is $19.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.34 and a quick ratio of 2.30. The stock has a market cap of $12.77 billion, a P/E ratio of -12.53 and a beta of 1.29.

Rohm (OTCMKTS:ROHCY) last announced its earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.39%. The business had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. As a group, equities analysts forecast that Rohm Co. will post 0.64 earnings per share for the current 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.