Rohm (OTCMKTS:ROHCY) Shares Gap Up – Should You Buy?

Shares of Rohm Co. (OTCMKTS:ROHCYGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $29.38, but opened at $31.86. Rohm shares last traded at $31.86, with a volume of 310 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Rohm

Rohm Trading Up 5.9%

The firm’s 50 day moving average is $30.94 and its 200 day moving average is $24.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.79 and a quick ratio of 2.77. The company has a market cap of $12.30 billion, a PE ratio of -12.40 and a beta of 1.32.

Rohm (OTCMKTS:ROHCYGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $851.76 million during the quarter, compared to the consensus estimate of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. On average, equities analysts anticipate that Rohm Co. will post 0.81 earnings per share for the current year.

About Rohm

(Get Free Report)

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.

Further Reading

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