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

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $32.50, but opened at $30.79. Rohm shares last traded at $30.79, with a volume of 142 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Rohm has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on Rohm

Rohm Price Performance

The company has a 50-day moving average of $30.88 and a 200-day moving average of $25.35. 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 stock has a market cap of $11.89 billion, a price-to-earnings ratio of -11.98 and a beta of 1.32.

Rohm (OTCMKTS:ROHCYGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Rohm had a positive return on equity of 4.23% and a negative net margin of 29.85%.The company had revenue of $851.76 million for the quarter, compared to analyst estimates of $813.37 million. As a group, equities research analysts predict that Rohm Co. will post 0.81 earnings per share for the current year.

Rohm Company Profile

(Get Free Report)

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.

Further Reading

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