Rohm (OTCMKTS:ROHCY) Shares Gap Down – What’s Next?

Rohm Co. (OTCMKTS:ROHCY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $31.6295, but opened at $30.16. Rohm shares last traded at $30.16, with a volume of 402 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Rohm Stock Down 3.3%

The firm’s 50-day moving average price is $30.21 and its two-hundred day moving average price is $26.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.77 and a current ratio of 3.79. The firm has a market cap of $11.91 billion, a PE ratio of -12.00 and a beta of 1.33.

Rohm (OTCMKTS:ROHCY) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. The company had revenue of $851.76 million during the quarter, compared to analysts’ expectations of $813.37 million. As a group, equities research analysts expect that Rohm Co. will post 0.81 EPS for the current fiscal year.

About Rohm

ROHM Co, Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and produces integrated circuits, discrete semiconductors, power devices, sensors, modules and other components used in automotive, industrial equipment, consumer electronics and communications applications.

ROHM’s product portfolio includes analog and power management ICs, microcontrollers, diodes, transistors, LEDs, resistors and timing devices. The company also supplies silicon carbide and other power semiconductor technologies designed for applications such as electric vehicles, renewable energy systems, industrial machinery and energy-efficient electronics.

Founded in 1958 as Toyo Denki Seizo Co, Ltd., the company adopted the name ROHM Co, Ltd.