Rohm (OTCMKTS:ROHCY) Shares Gap Up – Time to Buy?

by · The Cerbat Gem

Rohm Co. (OTCMKTS:ROHCY – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $29.60, but opened at $32.91. Rohm shares last traded at $32.91, with a volume of 701 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on Rohm

Rohm Trading Up 4.3%

The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $30.29 and its two-hundred day simple moving average is $26.67. The company has a market cap of $12.70 billion, a price-to-earnings ratio of -12.81 and a beta of 1.33.

Rohm (OTCMKTS:ROHCY – Get Free Report) last issued 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 company had revenue of $851.76 million during 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 4.23%. On average, equities analysts predict that Rohm Co. will post 0.81 EPS for the current year.

About Rohm

(Get Free Report)

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.

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