Rohm (OTCMKTS:ROHCY) Sees Unusually-High Trading Volume – Here’s Why

Rohm Co. (OTCMKTS:ROHCY) shares saw unusually-high trading volume on Thursday . Approximately 9,804 shares traded hands during trading, an increase of 197% from the previous session’s volume of 3,304 shares.The stock last traded at $31.63 and had previously closed at $31.99.

Wall Street Analysts Forecast Growth

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

Rohm Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.34. The firm’s 50 day moving average price is $23.85 and its 200-day moving average price is $18.58. The firm has a market capitalization of $13.16 billion, a PE ratio of -12.92 and a beta of 1.10.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%.The company had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. On average, research analysts expect 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.