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

Rohm Co. (OTCMKTS:ROHCY) gapped up prior to trading on Friday . The stock had previously closed at $20.49, but opened at $23.15. Rohm shares last traded at $22.50, with a volume of 1,128 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Rohm to a “hold” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Rohm has an average rating of “Hold”.

Rohm Stock Up 9.8%

The company has a current ratio of 3.34, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of -35.71 and a beta of 1.10. The stock has a fifty day moving average of $20.87 and a 200-day moving average of $17.04.

Rohm (OTCMKTS:ROHCY) last issued its earnings results on Wednesday, February 4th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. The company 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%. As a group, sell-side analysts expect that Rohm Co. will post 0.24 EPS for the current 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.