Rohm (OTCMKTS:ROHCY) Stock Falls 9.2% – What’s Next?

Rohm Co. (OTCMKTS:ROHCY)’s stock price fell 9.2% on Friday. The stock traded as low as $18.1550 and last traded at $18.1550. 201 shares changed hands during trading, a decline of 95% from the average daily volume of 3,912 shares. The stock had previously closed at $19.99.

Rohm Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 4.17. The firm’s 50 day moving average is $27.34 and its 200-day moving average is $26.00. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of -7.01 and a beta of 1.48.

Rohm (OTCMKTS:ROHCY) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.16). Rohm had a positive return on equity of 4.04% and a negative net margin of 29.79%. The firm had revenue of $903.29 million for the quarter, compared to analysts’ expectations of $903.63 million. Analysts forecast 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.