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

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $29.60, but opened at $32.91. Rohm shares last traded at $32.91, with a volume of 701 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Rohm to a “buy” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Rohm presently has an average rating of “Moderate Buy”.

Check Out Our Latest Report on Rohm

Rohm Stock Performance

The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of -12.40 and a beta of 1.33. 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 stock’s 50-day simple moving average is $30.22 and its 200 day simple moving average is $26.88.

Rohm (OTCMKTS:ROHCYGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $851.76 million for the quarter, compared to analyst estimates of $813.37 million. Rohm had a positive return on equity of 4.23% and a negative net margin of 29.85%. Analysts expect that Rohm Co. will post 0.81 earnings per share 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.

Further Reading

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