Rohm (OTCMKTS:ROHCY) Shares Gap Down – Here’s Why

Rohm Co. (OTCMKTS:ROHCY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $35.35, but opened at $33.22. Rohm shares last traded at $33.22, with a volume of 134 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised Rohm to a “buy” rating in a research report on Monday, June 8th. Zacks Research raised Rohm to a “hold” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Rohm has an average rating of “Moderate Buy”.

Rohm Stock Performance

The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $12.82 billion, a P/E ratio of -12.58 and a beta of 1.30. The business’s 50 day simple moving average is $27.63 and its two-hundred day simple moving average is $20.89.

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 3.55%. The firm had revenue of $711.55 million for the quarter, compared to the consensus estimate of $704.12 million. Sell-side analysts anticipate that Rohm Co. will post 0.64 EPS for the current fiscal 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.