Rohm (OTCMKTS:ROHCY) Shares Down 5% – What’s Next?
by Amy Steele · The Cerbat GemShares of Rohm Co. (OTCMKTS:ROHCY – Get Free Report) dropped 5% during mid-day trading on Wednesday . The stock traded as low as $26.61 and last traded at $26.61. Approximately 713 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 3,378 shares. The stock had previously closed at $28.00.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Rohm to a “hold” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Rohm has a consensus rating of “Hold”.
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Rohm Price Performance
The company has a current ratio of 3.34, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32. The stock has a market cap of $11.03 billion, a PE ratio of -10.82 and a beta of 1.10. The business has a 50-day moving average price of $22.63 and a 200 day moving average price of $17.94.
Rohm (OTCMKTS:ROHCY – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $711.55 million for the quarter, compared to analysts’ expectations of $704.12 million. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%. As a group, research analysts forecast that Rohm Co. will post 0.64 earnings per share 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.