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

Rohm Co. (OTCMKTS:ROHCY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $29.75, but opened at $33.08. Rohm shares last traded at $33.08, with a volume of 207 shares.

Wall Street Analysts Forecast Growth

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

Rohm Trading Up 1.8%

The firm has a market capitalization of $12.35 billion, a PE ratio of -12.12 and a beta of 1.30. The firm’s fifty day moving average is $26.55 and its two-hundred day moving average is $20.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.79 and a quick ratio of 2.30.

Rohm (OTCMKTS:ROHCY) last released its 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 for the quarter, compared to analysts’ expectations of $704.12 million. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.55%. On average, equities analysts predict that Rohm Co. will post 0.64 EPS for the current fiscal year.

About Rohm

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.