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

Rohm Co. (OTCMKTS:ROHCY) gapped up prior to trading on Wednesday . The stock had previously closed at $28.56, but opened at $32.61. Rohm shares last traded at $32.61, with a volume of 499 shares traded.

Wall Street Analyst Weigh In

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

Rohm Trading Up 7.8%

The company has a current ratio of 3.34, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $23.59 and a two-hundred day simple moving average of $18.47. The firm has a market cap of $13.22 billion, a PE ratio of -12.97 and a beta of 1.10.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%.The business had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. Equities analysts forecast that Rohm Co. will post 0.64 EPS for the current year.

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.