Rohm (OTCMKTS:ROHCY) Shares Gap Up – Here’s Why

Shares of Rohm Co. (OTCMKTS:ROHCY) gapped up prior to trading on Wednesday . The stock had previously closed at $19.11, but opened at $21.40. Rohm shares last traded at $21.40, with a volume of 238 shares.

Rohm Stock Performance

The stock has a market cap of $8.48 billion, a P/E ratio of -34.87 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.34 and a quick ratio of 2.30. The firm’s 50-day moving average price is $18.38 and its 200-day moving average price is $15.87.

Rohm (OTCMKTS:ROHCY) last posted its earnings results on Wednesday, February 4th. The technology company reported ($0.04) EPS for the quarter. The firm had revenue of $813.36 million during the quarter. Rohm had a negative return on equity of 1.07% and a negative net margin of 7.27%.

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.