Rohm (OTCMKTS:ROHCY) Stock Falls 11.1% – Here’s Why

Rohm Co. (OTCMKTS:ROHCY)’s stock price traded down 11.1% during mid-day trading on Monday. The stock traded as low as $30.11 and last traded at $30.11. Approximately 573 shares traded hands during trading, a decline of 84% from the average daily volume of 3,662 shares. The stock had previously closed at $33.8662.

Rohm Trading Down 4.1%

The company has a market cap of $11.73 billion, a PE ratio of -11.83 and a beta of 1.36. The company has a current ratio of 4.17, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $30.65 and its 200-day simple moving average is $28.69.

Rohm (OTCMKTS:ROHCY) last issued its earnings results 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 during the quarter, compared to analyst estimates of $813.37 million. Rohm had a positive return on equity of 4.39% and a negative net margin of 29.85%. As a group, analysts expect that Rohm Co. will post 0.72 EPS for the current fiscal year.

Rohm Company Profile

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, modules, sensors, and other components used in automotive, industrial, consumer electronics, and communications applications.

ROHM’s product portfolio includes analog and power-management ICs, microcontrollers, memory products, LEDs, laser diodes, resistors, diodes, transistors, and silicon carbide (SiC) power semiconductors.