Rohm (OTCMKTS:ROHCY) Stock Price Up 9.4% – Here’s Why

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s stock price rose 9.4% during mid-day trading on Monday . The company traded as high as $32.92 and last traded at $32.92. Approximately 593 shares were traded during trading, a decline of 85% from the average daily volume of 3,937 shares. The stock had previously closed at $30.09.

Analyst Ratings Changes

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

View Our Latest Analysis on ROHCY

Rohm Price 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 business’s 50 day moving average price is $30.90 and its two-hundred day moving average price is $25.16. The stock has a market cap of $12.71 billion, a P/E ratio of -12.81 and a beta of 1.32.

Rohm (OTCMKTS:ROHCYGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The company had revenue of $851.76 million during 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%. As a group, sell-side analysts expect that Rohm Co. will post 0.81 earnings per share for the current fiscal year.

Rohm Company Profile

(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.

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