Rohm (OTCMKTS:ROHCY) Shares Gap Down – Time to Sell?

Rohm Co. (OTCMKTS:ROHCY) gapped down prior to trading on Monday . The stock had previously closed at $24.00, but opened at $22.00. Rohm shares last traded at $21.90, with a volume of 1,432 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Rohm to a “hold” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Rohm presently has an average rating of “Hold”.

Rohm Price Performance

The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of -34.00 and a beta of 1.10. The company has a 50 day moving average of $20.53 and a 200 day moving average of $16.88. The company has a quick ratio of 2.30, a current ratio of 3.34 and a debt-to-equity ratio of 0.32.

Rohm (OTCMKTS:ROHCY) last released its earnings results on Wednesday, February 4th. The technology company reported ($0.04) EPS for the quarter. The business had revenue of $813.36 million during the quarter. Rohm had a negative net margin of 7.27% and a negative return on equity of 1.07%. As a group, equities research analysts forecast that Rohm Co. will post 0.24 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.