Rohm (OTCMKTS:ROHCY) Shares Gap Down – What’s Next?

Shares of Rohm Co. (OTCMKTS:ROHCYGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $34.7140, but opened at $33.5384. Rohm shares last traded at $33.5384, with a volume of 141 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Zacks Research upgraded Rohm to a “hold” rating in a report on Wednesday, April 8th. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Analysis on ROHCY

Rohm Stock Performance

The stock has a fifty day moving average price of $30.07 and a 200 day moving average price of $22.54. The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of -12.70 and a beta of 1.30.

Rohm (OTCMKTS:ROHCYGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS 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 3.55% and a negative net margin of 31.42%. As a group, analysts predict that Rohm Co. will post 0.64 earnings per share for the current year.

About Rohm

(Get Free Report)

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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