Rohm (OTCMKTS:ROHCY) Shares Gap Down – What’s Next?

Rohm Co. (OTCMKTS:ROHCY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $29.23, but opened at $27.20. Rohm shares last traded at $27.20, with a volume of 259 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ROHCY. Zacks Research raised shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Rohm currently has an average rating of “Moderate Buy”.

Rohm Stock Down 4.1%

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 firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of -10.30 and a beta of 1.30. The stock has a fifty day moving average of $31.51 and a 200-day moving average of $23.80.

Rohm (OTCMKTS:ROHCY) last announced its earnings results 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 company had revenue of $711.55 million for the quarter, compared to analyst estimates of $704.12 million. As a group, sell-side analysts expect that Rohm Co. will post 0.81 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.