Rohm (OTCMKTS:ROHCY) Shares Gap Down – Should You Sell?

Rohm Co. (OTCMKTS:ROHCY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $32.50, but opened at $30.79. Rohm shares last traded at $30.79, with a volume of 142 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Rohm Stock Performance

The firm has a fifty day simple moving average of $30.88 and a 200-day simple moving average of $25.35. The company has a market cap of $11.89 billion, a PE ratio of -11.98 and a beta of 1.32. The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40.

Rohm (OTCMKTS:ROHCY) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $851.76 million during the quarter, compared to analysts’ expectations of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. On average, research analysts forecast that Rohm Co. will post 0.81 EPS for the current fiscal 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.