Rohm (OTCMKTS:ROHCY) Hits New 1-Year High – Should You Buy?

Rohm Co. (OTCMKTS:ROHCY)’s stock price reached a new 52-week high on Monday . The stock traded as high as $36.52 and last traded at $36.52, with a volume of 244 shares traded. The stock had previously closed at $32.00.

Analyst Upgrades and Downgrades

ROHCY has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research report on Monday, June 8th. Zacks Research raised shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Rohm Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 3.79 and a quick ratio of 2.77. The stock has a 50 day simple moving average of $27.16 and a two-hundred day simple moving average of $20.60. The company has a market cap of $14.10 billion, a price-to-earnings ratio of -13.83 and a beta of 1.30.

Rohm (OTCMKTS:ROHCY) last issued its earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $711.55 million during the quarter, compared to the consensus estimate of $704.12 million. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%. On average, equities research analysts predict that Rohm Co. will post 0.64 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.