Rohm (OTCMKTS:ROHCY) Hits New 12-Month High – Here’s What Happened

Shares of Rohm Co. (OTCMKTS:ROHCY) reached a new 52-week high during trading on Monday . The stock traded as high as $36.52 and last traded at $36.52, with a volume of 244 shares changing hands. The stock had previously closed at $32.00.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ROHCY shares. The Goldman Sachs Group upgraded Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research raised Rohm to a “hold” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Rohm currently has an average rating of “Moderate Buy”.

Rohm Price Performance

The stock’s 50-day simple moving average is $27.16 and its 200 day simple moving average is $20.60. 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 company has a market cap of $14.10 billion, a price-to-earnings ratio of -13.83 and a beta of 1.30.

Rohm (OTCMKTS:ROHCY) last announced its earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.55%. The company had revenue of $711.55 million during the quarter, compared to analyst estimates of $704.12 million. On average, equities research analysts anticipate that Rohm Co. will post 0.64 EPS 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.