Rohm (OTCMKTS:ROHCY) Sees Unusually-High Trading Volume – Here’s What Happened

Rohm Co. (OTCMKTS:ROHCY) shares saw unusually-strong trading volume on Tuesday . 8,490 shares changed hands during mid-day trading, an increase of 131% from the previous session’s volume of 3,676 shares.The stock last traded at $29.48 and had previously closed at $28.28.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ROHCY. The Goldman Sachs Group upgraded Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research raised Rohm to a “hold” rating in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Rohm presently has an average rating of “Moderate Buy”.

Rohm Price Performance

The firm has a market cap of $11.38 billion, a price-to-earnings ratio of -11.17 and a beta of 1.30. The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average price is $31.24 and its 200-day moving average price is $23.38.

Rohm (OTCMKTS:ROHCY) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%.The company had revenue of $711.55 million during the quarter, compared to analyst estimates of $704.12 million. As a group, equities research analysts forecast that Rohm Co. will post 0.81 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.