Rohm (OTCMKTS:ROHCY) Trading Up 14.5% – Here’s What Happened

Rohm Co. (OTCMKTS:ROHCY)’s stock price shot up 14.5% during trading on Wednesday . The stock traded as high as $31.32 and last traded at $31.32. 832 shares were traded during trading, a decline of 79% from the average daily volume of 4,024 shares. The stock had previously closed at $27.36.

Analyst Upgrades and Downgrades

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

Rohm Trading Up 6.8%

The company has a debt-to-equity ratio of 0.40, a current ratio of 3.79 and a quick ratio of 2.77. The firm’s fifty day moving average is $31.26 and its 200-day moving average is $24.36. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of -11.86 and a beta of 1.32.

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 analysts’ consensus estimates of $0.14 by ($0.02). Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%. Equities analysts anticipate that Rohm Co. will post 0.81 earnings per share for the current 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.