Rohm (OTCMKTS:ROHCY) Shares Gap Down – Here’s What Happened

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $31.8640, but opened at $28.00. Rohm shares last traded at $28.00, with a volume of 157 shares traded.

Analysts Set New Price Targets

Several research firms have recently weighed in on ROHCY. Zacks Research raised Rohm to a “hold” rating in a report on Wednesday, April 8th. The Goldman Sachs Group raised Rohm to a “buy” rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Check Out Our Latest Report on ROHCY

Rohm Stock Performance

The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40. The company has a market cap of $10.81 billion, a PE ratio of -10.61 and a beta of 1.30. The business’s fifty day moving average is $31.12 and its 200-day moving average is $23.18.

Rohm (OTCMKTS:ROHCYGet Free Report) 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 3.55%. The business had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. As a group, research analysts predict that Rohm Co. will post 0.81 EPS for the current fiscal year.

Rohm Company Profile

(Get Free Report)

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.

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