Rohm (OTCMKTS:ROHCY) Stock Price Up 9.4% – Should You Buy?

Rohm Co. (OTCMKTS:ROHCY)’s stock price was up 9.4% during trading on Monday . The company traded as high as $32.92 and last traded at $32.92. Approximately 593 shares traded hands during trading, a decline of 85% from the average session volume of 3,937 shares. The stock had previously closed at $30.09.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Rohm to a “buy” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Rohm has an average rating of “Moderate Buy”.

Rohm Stock Performance

The firm has a fifty day moving average price of $30.88 and a 200 day moving average price of $25.35. 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 stock has a market cap of $11.97 billion, a PE ratio of -12.07 and a beta of 1.32.

Rohm (OTCMKTS:ROHCY) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Rohm had a positive return on equity of 4.23% and a negative net margin of 29.85%.The business had revenue of $851.76 million for the quarter, compared to analysts’ expectations of $813.37 million. Research analysts forecast that Rohm Co. will post 0.81 earnings per share for the current fiscal 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.