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

Rohm Co. (OTCMKTS:ROHCY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $30.3960, but opened at $28.50. Rohm shares last traded at $28.50, with a volume of 3,549 shares trading hands.

Rohm Stock Down 1.7%

The company’s 50 day moving average price is $30.70 and its 200 day moving average price is $28.82. 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 firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of -11.08 and a beta of 1.36.

Rohm (OTCMKTS:ROHCY) last posted its quarterly 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 negative net margin of 29.85% and a positive return on equity of 4.39%. The firm had revenue of $851.76 million for the quarter, compared to analysts’ expectations of $813.37 million. As a group, research analysts forecast 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, power devices, modules, sensors, and other components used in automotive, industrial, consumer electronics, and communications applications.

ROHM’s product portfolio includes analog and power-management ICs, microcontrollers, memory products, LEDs, laser diodes, resistors, diodes, transistors, and silicon carbide (SiC) power semiconductors.