Rohm (OTCMKTS:ROHCY) Shares Gap Down – Here’s Why

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $34.7140, but opened at $33.5384. Rohm shares last traded at $33.5384, with a volume of 141 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on ROHCY. Zacks Research upgraded Rohm to a “hold” rating in a report on Wednesday, April 8th. The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Get Our Latest Report on Rohm

Rohm Price Performance

The stock has a market capitalization of $12.95 billion, a PE ratio of -12.70 and a beta of 1.30. The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average is $30.33 and its 200 day moving average is $22.62.

Rohm (OTCMKTS:ROHCYGet Free Report) last issued its earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.55%. The company had revenue of $711.55 million during the quarter, compared to analyst estimates of $704.12 million. As a group, equities analysts predict that Rohm Co. will post 0.64 earnings per share for the current year.

Rohm Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Rohm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rohm and related companies with MarketBeat.com's FREE daily email newsletter.