Rohm (OTCMKTS:ROHCY) Shares Gap Up – Here’s What Happened

Rohm Co. (OTCMKTS:ROHCY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $29.60, but opened at $32.91. Rohm shares last traded at $32.91, with a volume of 701 shares changing hands.

Analyst Ratings Changes

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

Rohm Price Performance

The company’s 50-day simple moving average is $30.29 and its 200-day simple moving average is $26.67. 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 $12.70 billion, a PE ratio of -12.81 and a beta of 1.33.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The company had revenue of $851.76 million for the quarter, compared to analysts’ expectations of $813.37 million. Rohm had a positive return on equity of 4.23% and a negative net margin of 29.85%. As a group, sell-side analysts anticipate that Rohm Co. will post 0.81 earnings per share 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.