Rohm (OTCMKTS:ROHCY) Shares Gap Up – Time to Buy?

Shares of Rohm Co. (OTCMKTS:ROHCY) gapped up before the market opened on Tuesday. The stock had previously closed at $17.56, but opened at $18.9350. Rohm shares last traded at $18.81, with a volume of 651 shares trading hands.

Rohm Price Performance

The company has a current ratio of 4.17, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $7.27 billion, a PE ratio of -7.27 and a beta of 1.48. The firm has a 50 day moving average price of $27.99 and a 200 day moving average price of $25.97.

Rohm (OTCMKTS:ROHCY) last announced its earnings results on Thursday, November 5th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.16). The company had revenue of $903.29 million during the quarter, compared to the consensus estimate of $903.63 million. Rohm had a positive return on equity of 4.39% and a negative net margin of 29.85%. Research analysts anticipate that Rohm Co. will post 0.72 earnings per share for the current year.

Rohm Company Profile

ROHM Co., Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and supplies integrated circuits, semiconductor devices, modules and passive components, including resistors. Its products are used in automotive systems, industrial equipment, consumer electronics and communications devices. ROHM serves customers in Japan and international markets through a global network of operations and sales offices. Founded in 1958 as Toyo Electronics Industry, the company initially focused on resistors and adopted the name ROHM in 1981.