Rohm (OTCMKTS:ROHCY) Sets New 52-Week High – Should You Buy?

Rohm Co. (OTCMKTS:ROHCY) reached a new 52-week high during trading on Friday . The company traded as high as $28.25 and last traded at $28.25, with a volume of 1010 shares traded. The stock had previously closed at $26.76.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Rohm to a “hold” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Rohm Stock Performance

The stock has a market capitalization of $10.91 billion, a PE ratio of -10.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.34. The firm has a 50 day moving average of $22.63 and a 200-day moving average of $17.94.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.39%. The firm had revenue of $711.55 million for the quarter, compared to analyst estimates of $704.12 million. Research 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.