Shares of Rohm Co. (OTCMKTS:ROHCY – Get Free Report) were up 14.2% during mid-day trading on Tuesday . The company traded as high as $32.27 and last traded at $32.27. Approximately 453 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 3,311 shares. The stock had previously closed at $28.25.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of 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 currently has a consensus rating of “Hold”.
View Our Latest Analysis on ROHCY
Rohm Stock Down 0.7%
Rohm (OTCMKTS:ROHCY – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%.The company had revenue of $711.55 million during the quarter, compared to analyst estimates of $704.12 million. As a group, research analysts forecast 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.
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