Rohm (OTCMKTS:ROHCY) Stock Falls 15.4% After Earnings Miss

Rohm Co. (OTCMKTS:ROHCY) shares dropped 15.4% during mid-day trading on Friday following a weaker than expected earnings announcement. The company traded as low as $18.49 and last traded at $18.49. 635 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 3,767 shares. The stock had previously closed at $21.86.

The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.16). Rohm had a positive return on equity of 4.39% and a negative net margin of 29.85%. The company had revenue of $903.29 million during the quarter, compared to the consensus estimate of $903.63 million.

Rohm Price Performance

The business’s 50-day simple moving average is $28.46 and its two-hundred day simple moving average is $25.94. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of -7.19 and a beta of 1.48. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.17 and a quick ratio of 3.12.

Rohm Company Profile

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.