Rohm (OTCMKTS:ROHCY) Reaches New 12-Month High – Here’s Why

Rohm Co. (OTCMKTS:ROHCY) shares hit a new 52-week high during trading on Friday . The company traded as high as $28.00 and last traded at $28.00, with a volume of 719 shares trading hands. The stock had previously closed at $23.58.

Analyst Upgrades and Downgrades

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

Rohm Stock Performance

The stock has a 50 day moving average price of $21.89 and a two-hundred day moving average price of $17.53. The company has a current ratio of 3.34, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32. The company has a market cap of $10.81 billion, a price-to-earnings ratio of -10.61 and a beta of 1.10.

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 company had revenue of $711.55 million for the quarter, compared to the consensus estimate of $704.12 million. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%. Analysts predict that Rohm Co. will post 0.64 EPS for the current 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.