Rohm (OTCMKTS:ROHCY) Shares Gap Down – Time to Sell?

Shares of Rohm Co. (OTCMKTS:ROHCY) gapped down prior to trading on Wednesday. The stock had previously closed at $30.3960, but opened at $28.50. Rohm shares last traded at $28.50, with a volume of 3,549 shares changing hands.

Rohm Stock Performance

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 company has a market cap of $10.99 billion, a PE ratio of -11.08 and a beta of 1.36. The business’s 50 day moving average is $30.70 and its two-hundred day moving average is $28.82.

Rohm (OTCMKTS:ROHCY) last announced its quarterly 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 firm had revenue of $851.76 million for 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 4.39%. On average, equities research analysts anticipate that Rohm Co. will post 0.72 EPS for the current 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.