Rohm (OTCMKTS:ROHCY) Shares Gap Down – Should You Sell?

Rohm Co. (OTCMKTS:ROHCY)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $19.99, but opened at $18.27. Rohm shares last traded at $18.2750, with a volume of 726 shares.

Rohm Price Performance

The business has a 50 day moving average price of $27.56 and a two-hundred day moving average price of $25.99. The stock has a market cap of $7.10 billion, a PE ratio of -7.10 and a beta of 1.48. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 4.17.

Rohm (OTCMKTS:ROHCY) last issued its quarterly earnings results on Thursday, November 5th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.16). The business had revenue of $903.29 million for the quarter, compared to analysts’ expectations of $903.63 million. Rohm had a negative net margin of 29.79% and a positive return on equity of 4.04%. Research analysts expect that Rohm Co. will post 0.72 earnings per share for the current fiscal year.

Rohm Company Profile

ROHM Co., Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and supplies integrated circuits, semiconductor devices, modules and passive components, including resistors. Its products are used in automotive systems, industrial equipment, consumer electronics and communications devices. ROHM serves customers in Japan and international markets through a global network of operations and sales offices. Founded in 1958 as Toyo Electronics Industry, the company initially focused on resistors and adopted the name ROHM in 1981.