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

Rohm Co. (OTCMKTS:ROHCY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $28.00, but opened at $25.9020. Rohm shares last traded at $25.9020, with a volume of 623 shares changing hands.

Analyst Ratings Changes

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

Rohm Price Performance

The company’s fifty day moving average is $22.30 and its 200 day moving average is $17.70. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of -9.87 and a beta of 1.10. The company has a quick ratio of 2.30, a current ratio of 3.34 and a debt-to-equity ratio of 0.32.

Rohm (OTCMKTS:ROHCY) last issued its quarterly 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 3.39%. The firm had revenue of $711.55 million for the quarter, compared to analyst estimates of $704.12 million. On average, equities research analysts predict that Rohm Co. will post 0.64 EPS for the current 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.