Rohm (OTCMKTS:ROHCY) Stock Price Up 6.3% – Still a Buy?

Rohm Co. (OTCMKTS:ROHCY) shot up 6.3% during trading on Tuesday . The stock traded as high as $31.6346 and last traded at $31.6346. 230 shares were traded during mid-day trading, a decline of 94% from the average session volume of 3,624 shares. The stock had previously closed at $29.75.

Wall Street Analyst Weigh In

Several brokerages recently commented on ROHCY. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research raised shares of Rohm to a “hold” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Rohm Price Performance

The firm has a market cap of $12.21 billion, a PE ratio of -11.98 and a beta of 1.29. The stock’s fifty day moving average price is $26.36 and its 200-day moving average price is $20.06. 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 earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (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 analyst estimates of $704.12 million. As a group, equities analysts expect that Rohm Co. will post 0.64 EPS 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.