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

Rohm Co. (OTCMKTS:ROHCY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $26.02, but opened at $28.25. Rohm shares last traded at $28.25, with a volume of 999 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Rohm to a “hold” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Rohm has a consensus rating of “Hold”.

Rohm Price Performance

The firm has a market capitalization of $10.91 billion, a P/E ratio of -10.70 and a beta of 1.10. The stock’s 50 day simple moving average is $22.49 and its 200 day simple moving average is $17.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.34.

Rohm (OTCMKTS:ROHCY) last posted its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. The firm had revenue of $711.55 million during the quarter, compared to the consensus estimate of $704.12 million. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.39%. As a group, analysts expect that Rohm Co. will post 0.64 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.