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

Shares of Rohm Co. (OTCMKTS:ROHCY) gapped down before the market opened on Thursday . The stock had previously closed at $33.58, but opened at $32.62. Rohm shares last traded at $32.62, with a volume of 200 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ROHCY shares. Zacks Research upgraded shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group upgraded Rohm to a “buy” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Rohm currently has an average rating of “Moderate Buy”.

Rohm Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.77 and a current ratio of 3.79. The company has a market capitalization of $12.54 billion, a PE ratio of -12.31 and a beta of 1.30. The stock has a fifty day moving average of $29.15 and a 200 day moving average of $21.91.

Rohm (OTCMKTS:ROHCY) last announced its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $711.55 million during the quarter, compared to analyst estimates of $704.12 million. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.55%. As a group, sell-side analysts predict that Rohm Co. will post 0.64 earnings per share 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.