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

Rohm Co. (OTCMKTS:ROHCY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $35.35, but opened at $33.22. Rohm shares last traded at $33.22, with a volume of 134 shares traded.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ROHCY shares. Zacks Research upgraded shares of Rohm to a “hold” rating in a report on Wednesday, April 8th. The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Rohm Stock Performance

The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40. The company has a market cap of $12.78 billion, a PE ratio of -12.54 and a beta of 1.30. The company has a fifty day simple moving average of $28.02 and a two-hundred day simple moving average of $21.17.

Rohm (OTCMKTS:ROHCY) last announced its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%.The business had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. Analysts anticipate that Rohm Co. will post 0.64 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.