Rohm (OTCMKTS:ROHCY – Get Free Report) released its quarterly earnings results on Wednesday. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02), Zacks reports. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%.
Rohm Stock Up 14.5%
ROHCY stock traded up $3.96 during mid-day trading on Wednesday, hitting $31.32. 832 shares of the company were exchanged, compared to its average volume of 4,024. The firm has a fifty day simple moving average of $31.26 and a 200 day simple moving average of $24.36. The company has a market capitalization of $12.09 billion, a PE ratio of -11.86 and a beta of 1.32. Rohm has a twelve month low of $12.62 and a twelve month high of $36.52. The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40.
Analysts Set New Price Targets
Several research analysts have recently weighed in on ROHCY shares. The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research raised shares of Rohm to a “hold” rating in a research note 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 stock. According to data from MarketBeat, Rohm currently has an average rating of “Moderate Buy”.
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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