Rohm (OTCMKTS:ROHCY) Stock Price Down 5% – Here’s Why

Rohm Co. (OTCMKTS:ROHCY) shares traded down 5% on Wednesday . The stock traded as low as $26.61 and last traded at $26.61. 713 shares traded hands during trading, a decline of 79% from the average session volume of 3,378 shares. The stock had previously closed at $28.00.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Rohm has a consensus rating of “Hold”.

Rohm Stock Up 2.3%

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 company has a market cap of $10.27 billion, a price-to-earnings ratio of -10.08 and a beta of 1.10. The firm’s fifty day simple moving average is $22.40 and its 200 day simple moving average is $17.77.

Rohm (OTCMKTS:ROHCY) last issued its earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.39%. The business had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. Sell-side analysts predict that Rohm Co. will post 0.64 earnings per share for the current 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.