Rohm (OTCMKTS:ROHCY) Share Price Crosses Above 50 Day Moving Average – Here’s Why
by Jessica Moore · The Cerbat GemRohm Co. (OTCMKTS:ROHCY – Get Free Report) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $29.94 and traded as high as $33.32. Rohm shares last traded at $33.32, with a volume of 353 shares traded.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Rohm has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on ROHCY
Rohm Trading Up 2.2%
The business has a fifty day moving average of $29.94 and a 200-day moving average of $28.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 4.17. The company has a market capitalization of $12.86 billion, a P/E ratio of -12.96 and a beta of 1.36.
Rohm (OTCMKTS:ROHCY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Rohm had a negative net margin of 29.85% and a positive return on equity of 4.39%. The business had revenue of $851.76 million for the quarter, compared to the consensus estimate of $813.37 million. Analysts anticipate that Rohm Co. will post 0.72 earnings per share for the current fiscal year.
About Rohm
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, modules, sensors, and other components used in automotive, industrial, consumer electronics, and communications applications.
ROHM’s product portfolio includes analog and power-management ICs, microcontrollers, memory products, LEDs, laser diodes, resistors, diodes, transistors, and silicon carbide (SiC) power semiconductors.