Rohm (OTCMKTS:ROHCY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Rohm Co. (OTCMKTS:ROHCY) saw an uptick in trading volume on Friday . Approximately 4,000 shares changed hands during trading, an increase of 6% from the previous session’s volume of 3,787 shares.The stock last traded at $31.00 and had previously closed at $30.00.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Rohm Trading Up 6.6%

The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of -12.45 and a beta of 1.33. The business has a 50 day moving average of $30.35 and a 200 day moving average of $26.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.79 and a quick ratio of 2.77.

Rohm (OTCMKTS:ROHCY) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $851.76 million during the quarter, compared to the consensus estimate of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. As a group, research analysts predict that Rohm Co. will post 0.81 earnings per share for the current fiscal year.

About Rohm

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.