Rohm (OTCMKTS:ROHCY) Reaches New 12-Month High – Should You Buy?

Rohm Co. (OTCMKTS:ROHCY) reached a new 52-week high during trading on Friday . The company traded as high as $34.30 and last traded at $34.30, with a volume of 3143 shares traded. The stock had previously closed at $34.30.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Rohm to a “hold” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Rohm Stock Performance

The company has a market cap of $12.24 billion, a price-to-earnings ratio of -12.01 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.34 and a quick ratio of 2.30. The stock has a 50-day moving average price of $25.10 and a 200 day moving average price of $19.26.

Rohm (OTCMKTS:ROHCY) last released 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 analyst estimates of $704.12 million. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%. As a group, analysts anticipate that Rohm Co. will post 0.64 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.