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

Shares of Rohm Co. (OTCMKTS:ROHCY) gapped down before the market opened on Thursday. The stock had previously closed at $33.9820, but opened at $31.50. Rohm shares last traded at $31.50, with a volume of 352 shares changing hands.

Rohm Stock Performance

The business’s 50-day simple moving average is $30.65 and its two-hundred day simple moving average is $28.63. The company has a quick ratio of 3.12, a current ratio of 4.17 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of -12.33 and a beta of 1.36.

Rohm (OTCMKTS:ROHCY) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The business had revenue of $851.76 million for the quarter, compared to analyst estimates of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.39%. As a group, sell-side 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 produces integrated circuits, discrete semiconductors, power devices, modules, sensors, and other components used in automotive, industrial, consumer electronics, and communications applications.

ROHM’s product portfolio includes analog and power-management ICs, microcontrollers, memory products, LEDs, laser diodes, resistors, diodes, transistors, and silicon carbide (SiC) power semiconductors.