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

Rohm Co. (OTCMKTS:ROHCY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $19.9850, but opened at $18.80. Rohm shares last traded at $18.80, with a volume of 1,506 shares traded.

Rohm Stock Down 5.9%

The company has a fifty day moving average price of $18.31 and a 200-day moving average price of $15.84. The stock has a market capitalization of $7.59 billion, a P/E ratio of -29.84 and a beta of 1.13. The company has a quick ratio of 2.30, a current ratio of 3.34 and a debt-to-equity ratio of 0.32.

Rohm (OTCMKTS:ROHCY) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $813.36 million during the quarter. Rohm had a negative return on equity of 1.07% and a negative net margin of 7.27%.

About Rohm

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.