Rohm (OTCMKTS:ROHCY) Shares Gap Up – Should You Buy?

Rohm Co. (OTCMKTS:ROHCY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $28.56, but opened at $32.61. Rohm shares last traded at $32.61, with a volume of 499 shares changing hands.

Analyst Ratings Changes

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

Rohm Price Performance

The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of -12.12 and a beta of 1.10. The company has a quick ratio of 2.30, a current ratio of 3.34 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $23.16 and a 200 day simple moving average of $18.24.

Rohm (OTCMKTS:ROHCY) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. The company had revenue of $711.55 million during the quarter, compared to analyst estimates 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 predict that Rohm Co. will post 0.64 EPS 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.