Rohm (OTCMKTS:ROHCY) Shares Gap Up – Should You Buy?

Shares of Rohm Co. (OTCMKTS:ROHCYGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $23.87, but opened at $27.93. Rohm shares last traded at $27.0650, with a volume of 3,742 shares trading hands.

Analyst Upgrades and Downgrades

ROHCY has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research upgraded Rohm to a “hold” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Read Our Latest Analysis on ROHCY

Rohm Price Performance

The company’s 50-day moving average is $31.38 and its 200-day moving average is $24.10. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of -10.27 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.

Rohm (OTCMKTS:ROHCYGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. The company had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%. Equities research analysts predict that Rohm Co. will post 0.81 earnings per share for the current 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.

Further Reading

Receive News & Ratings for Rohm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rohm and related companies with MarketBeat.com's FREE daily email newsletter.