Rohm (OTCMKTS:ROHCY) Shares Gap Down – What’s Next?

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $31.8640, but opened at $28.00. Rohm shares last traded at $28.00, with a volume of 157 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ROHCY. Zacks Research raised Rohm to a “hold” rating in a report on Wednesday, April 8th. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on Rohm

Rohm Stock Performance

The stock has a fifty day simple moving average of $31.18 and a 200-day simple moving average of $23.22. The stock has a market cap of $10.91 billion, a P/E ratio of -10.70 and a beta of 1.30. The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40.

Rohm (OTCMKTS:ROHCYGet Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.55%. The firm had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. Equities analysts expect that Rohm Co. will post 0.81 earnings per share for the current fiscal 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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