Rohm Co. (OTCMKTS:ROHCY – Get Free Report) shares saw strong trading volume on Friday . Approximately 7,400 shares were traded during trading, an increase of 93% from the previous session’s volume of 3,839 shares.The stock last traded at $29.95 and had previously closed at $29.9150.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded Rohm to a “buy” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Rohm presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on Rohm
Rohm Stock Performance
Rohm (OTCMKTS:ROHCY – Get Free Report) 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 analysts’ expectations of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. As a group, equities analysts anticipate that Rohm Co. will post 0.81 EPS 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.
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