Rohm (OTCMKTS:ROHCY) Shares Gap Down – What’s Next?

Rohm Co. (OTCMKTS:ROHCY) shares gapped down before the market opened on Friday . The stock had previously closed at $34.7140, but opened at $33.5384. Rohm shares last traded at $33.5384, with a volume of 141 shares.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group upgraded Rohm to a “buy” rating in a research note on Monday, June 8th. Zacks Research raised Rohm to a “hold” rating in a report on Wednesday, April 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Rohm Stock Down 3.4%

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 firm’s 50-day simple moving average is $30.07 and its two-hundred day simple moving average is $22.54. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of -12.70 and a beta of 1.30.

Rohm (OTCMKTS:ROHCY) last announced its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. The firm had revenue of $711.55 million for the quarter, compared to analyst estimates of $704.12 million. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%. On average, sell-side analysts expect that Rohm Co. will post 0.64 EPS for the current fiscal 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.