Rohm (OTCMKTS:ROHCY) Shares Gap Down – Time to Sell?

Rohm Co. (OTCMKTS:ROHCY) gapped down prior to trading on Wednesday. The stock had previously closed at $25.3850, but opened at $24.11. Rohm shares last traded at $24.11, with a volume of 230 shares trading hands.

Rohm Price Performance

The stock has a market cap of $9.12 billion, a price-to-earnings ratio of 40.88 and a beta of 1.36. The company has a quick ratio of 3.12, a current ratio of 4.17 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average is $30.04 and its 200-day moving average is $29.05.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.12 earnings per share 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 4.39%. The company had revenue of $851.76 million for the quarter, compared to analyst estimates of $813.37 million. Equities research analysts expect that Rohm Co. will post 0.72 earnings per share for the current fiscal year.

About Rohm

ROHM Co, Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and produces integrated circuits, discrete semiconductors and electronic components used in automotive, industrial equipment, consumer electronics, telecommunications and other applications.

Its product portfolio includes power management and analog ICs, microcontrollers, LEDs, diodes, transistors, resistors, sensors and timing devices. ROHM also focuses on power semiconductors made with silicon carbide (SiC) and other advanced materials, which are designed to support greater energy efficiency in electric vehicles, charging systems, renewable-energy equipment and industrial power supplies.

Founded in 1958 as Toyo Denpa Kogyo Co, Ltd., the company adopted the name ROHM Co, Ltd.