Rohm (OTCMKTS:ROHCY) Stock Price Down 5.4% – Here’s What Happened

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s stock price was down 5.4% during trading on Monday . The company traded as low as $28.42 and last traded at $28.42. Approximately 1,063 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 3,645 shares. The stock had previously closed at $30.03.

Wall Street Analysts Forecast Growth

ROHCY has been the topic of several research reports. Zacks Research upgraded shares of Rohm to a “hold” rating in a report on Wednesday, April 8th. The Goldman Sachs Group upgraded 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Check Out Our Latest Analysis on ROHCY

Rohm Trading Up 0.4%

The business has a fifty day moving average of $31.18 and a 200-day moving average of $23.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.77 and a current ratio of 3.79. The company has a market capitalization of $10.95 billion, a P/E ratio of -10.74 and a beta of 1.30.

Rohm (OTCMKTS:ROHCYGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.55%. The business had revenue of $711.55 million during the quarter, compared to analyst estimates of $704.12 million. Analysts anticipate that Rohm Co. will post 0.81 earnings per share for the current fiscal year.

Rohm Company Profile

(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.

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