Rohm (OTCMKTS:ROHCY) Shares Gap Up – What’s Next?

Rohm Co. (OTCMKTS:ROHCY) shares gapped up prior to trading on Friday . The stock had previously closed at $29.3210, but opened at $30.6910. Rohm shares last traded at $30.6910, with a volume of 1,052 shares changing hands.

Analysts Set New Price Targets

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

Rohm Stock Up 1.3%

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’s 50 day simple moving average is $30.71 and its 200-day simple moving average is $25.99. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of -11.94 and a beta of 1.32.

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