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

Rohm Co. (OTCMKTS:ROHCYGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $29.38, but opened at $31.86. Rohm shares last traded at $31.86, with a volume of 310 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on ROHCY

Rohm Price Performance

The business’s fifty day moving average price is $30.94 and its 200-day moving average price is $24.95. The company has a market capitalization of $12.30 billion, a P/E ratio of -12.40 and a beta of 1.32. The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40.

Rohm (OTCMKTS:ROHCYGet Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. The firm had revenue of $851.76 million during the quarter, compared to the consensus estimate of $813.37 million. As a group, sell-side analysts predict 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

Receive News & Ratings for Rohm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rohm and related companies with MarketBeat.com's FREE daily email newsletter.