Rohm (OTCMKTS:ROHCY) Stock Price Up 14.5% – Should You Buy?

Rohm Co. (OTCMKTS:ROHCY)’s stock price shot up 14.5% during trading on Wednesday . The company traded as high as $31.32 and last traded at $31.32. 832 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 4,024 shares. The stock had previously closed at $27.36.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Rohm presently has an average rating of “Moderate Buy”.

Rohm Stock Performance

The firm has a market capitalization of $11.35 billion, a P/E ratio of -11.44 and a beta of 1.32. The company’s 50 day moving average is $31.20 and its 200-day moving average is $24.56. The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40.

Rohm (OTCMKTS:ROHCY) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. The company had revenue of $851.76 million during the quarter, compared to the consensus estimate of $813.37 million. As a group, equities analysts anticipate that Rohm Co. will post 0.81 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.