Rohm (OTCMKTS:ROHCY) Announces Earnings Results

Rohm (OTCMKTS:ROHCY) posted its earnings results on Wednesday. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02), Zacks reports. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.55%.

Rohm Price Performance

Shares of ROHCY stock traded up $3.96 during mid-day trading on Wednesday, hitting $31.32. 832 shares of the stock traded hands, compared to its average volume of 4,024. Rohm has a twelve month low of $12.62 and a twelve month high of $36.52. 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 company’s 50-day simple moving average is $31.26 and its 200-day simple moving average is $24.36. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of -11.86 and a beta of 1.32.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research raised Rohm to a “hold” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Rohm has an average rating of “Moderate Buy”.

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.