Rohm Co. (OTCMKTS:ROHCY – Get Free Report)’s share price gapped up prior to trading on Friday. The stock had previously closed at $29.86, but opened at $31.51. Rohm shares last traded at $31.51, with a volume of 435 shares.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on ROHCY
Rohm Price Performance
Rohm (OTCMKTS:ROHCY – Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). The business had revenue of $851.76 million for the quarter, compared to analyst estimates of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.39%. As a group, equities research analysts forecast that Rohm Co. will post 0.81 EPS for the current year.
Rohm Company Profile
ROHM Co, Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and produces integrated circuits, discrete semiconductors, power devices, sensors, modules and other components used in automotive, industrial equipment, consumer electronics and communications applications.
ROHM’s product portfolio includes analog and power management ICs, microcontrollers, diodes, transistors, LEDs, resistors and timing devices. The company also supplies silicon carbide and other power semiconductor technologies designed for applications such as electric vehicles, renewable energy systems, industrial machinery and energy-efficient electronics.
Founded in 1958 as Toyo Denki Seizo Co, Ltd., the company adopted the name ROHM Co, Ltd.
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