Rohm (OTCMKTS:ROHCY) Shares Gap Down – Time to Sell?

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $29.23, but opened at $27.20. Rohm shares last traded at $27.20, with a volume of 259 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ROHCY. Zacks Research upgraded shares of Rohm to a “hold” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group upgraded 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 given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on ROHCY

Rohm Stock Performance

The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of -9.53 and a beta of 1.30. The stock has a fifty day moving average price of $31.48 and a two-hundred day moving average price of $23.96. 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:ROHCYGet Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $711.55 million for the quarter, compared to the consensus estimate of $704.12 million. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%. As a group, analysts forecast that Rohm Co. will post 0.81 EPS for the current fiscal year.

About Rohm

(Get Free Report)

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.

Further Reading

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