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

Rohm Co. (OTCMKTS:ROHCY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $28.00, but opened at $25.9020. Rohm shares last traded at $25.9020, with a volume of 623 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Rohm to a “hold” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Rohm Stock Down 6.9%

The firm has a fifty day simple moving average of $22.30 and a 200-day simple moving average of $17.70. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of -9.87 and a beta of 1.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.34.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. The firm had revenue of $711.55 million for the quarter, compared to the consensus estimate of $704.12 million. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.39%. As a group, sell-side analysts expect that Rohm Co. will post 0.64 EPS for the current year.

Rohm Company Profile

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.