Rohm (OTCMKTS:ROHCY) Sees Strong Trading Volume – Here’s Why

Rohm Co. (OTCMKTS:ROHCY) shares saw unusually-strong trading volume on Wednesday . Approximately 8,660 shares were traded during trading, an increase of 135% from the previous session’s volume of 3,678 shares.The stock last traded at $22.51 and had previously closed at $21.80.

Rohm Stock Performance

The company has a current ratio of 3.34, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $18.87 and its two-hundred day moving average is $16.13. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of -35.73 and a beta of 1.10.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported ($0.04) earnings per share for the quarter. The company had revenue of $813.36 million for the quarter. Rohm had a negative return on equity of 1.07% and a negative net margin of 7.27%.

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.