Rohm (OTCMKTS:ROHCY) Trading Down 5.4% – What’s Next?

Rohm Co. (OTCMKTS:ROHCY)’s share price dropped 5.4% during trading on Monday . The stock traded as low as $28.42 and last traded at $28.42. Approximately 1,063 shares were traded during trading, a decline of 71% from the average session volume of 3,645 shares. The stock had previously closed at $30.03.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group upgraded Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research raised Rohm to a “hold” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Rohm currently has an average rating of “Moderate Buy”.

Rohm Stock Up 4.7%

The firm has a market capitalization of $11.43 billion, a P/E ratio of -11.22 and a beta of 1.30. The firm’s 50-day moving average is $31.36 and its 200 day moving average is $23.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.77 and a current ratio of 3.79.

Rohm (OTCMKTS:ROHCY) last released its earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%.The firm had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. As a group, equities research analysts predict that Rohm Co. will post 0.81 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.