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

Rohm Co. (OTCMKTS:ROHCY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $25.3850, but opened at $24.11. Rohm shares last traded at $24.11, with a volume of 230 shares trading hands.

Rohm Stock Down 3.1%

The company has a 50-day moving average of $30.33 and a 200-day moving average of $29.02. The company has a current ratio of 4.17, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of -9.39 and a beta of 1.36.

Rohm (OTCMKTS:ROHCY) last issued its quarterly 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 business had revenue of $851.76 million during the quarter, compared to analyst estimates of $813.37 million. Rohm had a positive return on equity of 4.39% and a negative net margin of 29.85%. On average, equities analysts predict that Rohm Co. will post 0.72 earnings per share for the current fiscal year.

Rohm Company Profile

ROHM Co, Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and produces integrated circuits, discrete semiconductors and electronic components used in automotive, industrial equipment, consumer electronics, telecommunications and other applications.

Its product portfolio includes power management and analog ICs, microcontrollers, LEDs, diodes, transistors, resistors, sensors and timing devices. ROHM also focuses on power semiconductors made with silicon carbide (SiC) and other advanced materials, which are designed to support greater energy efficiency in electric vehicles, charging systems, renewable-energy equipment and industrial power supplies.

Founded in 1958 as Toyo Denpa Kogyo Co, Ltd., the company adopted the name ROHM Co, Ltd.