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

Shares of Rohm Co. (OTCMKTS:ROHCY) gapped up prior to trading on Tuesday. The stock had previously closed at $17.56, but opened at $18.9350. Rohm shares last traded at $18.81, with a volume of 651 shares changing hands.

Rohm Price Performance

The firm has a market capitalization of $7.27 billion, a PE ratio of -7.27 and a beta of 1.48. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.17 and a quick ratio of 3.12. The firm has a 50-day simple moving average of $27.99 and a 200-day simple moving average of $25.97.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings results on Thursday, November 5th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.16). Rohm had a negative net margin of 29.85% and a positive return on equity of 4.39%. The business had revenue of $903.29 million for the quarter, compared to analysts’ expectations of $903.63 million. As a group, equities analysts forecast that Rohm Co. will post 0.72 earnings per share for the current year.

Rohm Company Profile

ROHM Co., Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and supplies integrated circuits, semiconductor devices, modules and passive components, including resistors. Its products are used in automotive systems, industrial equipment, consumer electronics and communications devices. ROHM serves customers in Japan and international markets through a global network of operations and sales offices. Founded in 1958 as Toyo Electronics Industry, the company initially focused on resistors and adopted the name ROHM in 1981.