Rohm (OTCMKTS:ROHCY) Shares Down 5.4% – Here’s What Happened

Shares of Rohm Co. (OTCMKTS:ROHCYGet Free Report) dropped 5.4% on Monday . The stock traded as low as $28.42 and last traded at $28.42. 1,063 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 3,645 shares. The stock had previously closed at $30.03.

Analysts Set New Price Targets

ROHCY has been the topic of a number of recent analyst reports. Zacks Research raised Rohm to a “hold” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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Rohm Price Performance

The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of -10.74 and a beta of 1.30. 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 business has a 50 day moving average price of $31.18 and a 200-day moving average price of $23.28.

Rohm (OTCMKTS:ROHCYGet Free Report) last released its earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. The business had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%. Research analysts predict that Rohm Co. will post 0.81 EPS for the current fiscal year.

About Rohm

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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.

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