Rohm (OTCMKTS:ROHCY) Stock Falls 15.4% After Earnings Miss

Rohm Co. (OTCMKTS:ROHCY)’s share price traded down 15.4% during trading on Friday following a dissappointing earnings announcement. The stock traded as low as $18.49 and last traded at $18.49. Approximately 635 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 3,767 shares. The stock had previously closed at $21.86.

The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.16). Rohm had a negative net margin of 29.85% and a positive return on equity of 4.39%. The firm had revenue of $903.29 million for the quarter, compared to analyst estimates of $903.63 million.

Rohm Trading Down 15.4%

The company has a current ratio of 4.17, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $7.14 billion, a P/E ratio of -7.19 and a beta of 1.48. The firm has a 50-day moving average of $28.46 and a two-hundred day moving average of $25.94.

Rohm Company Profile

ROHM Co, Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and produces integrated circuits, discrete semiconductors and electronic components used in automotive, industrial equipment, consumer electronics, telecommunications and other applications.

Its product portfolio includes power management and analog ICs, microcontrollers, LEDs, diodes, transistors, resistors, sensors and timing devices. ROHM also focuses on power semiconductors made with silicon carbide (SiC) and other advanced materials, which are designed to support greater energy efficiency in electric vehicles, charging systems, renewable-energy equipment and industrial power supplies.

Founded in 1958 as Toyo Denpa Kogyo Co, Ltd., the company adopted the name ROHM Co, Ltd.