Rohm (OTCMKTS:ROHCY) Stock Price Up 6.3% – Still a Buy?

Rohm Co. (OTCMKTS:ROHCY – Get Free Report) shares rose 6.3% during mid-day trading on Tuesday . The stock traded as high as $31.6346 and last traded at $31.6346. Approximately 230 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 3,624 shares. The stock had previously closed at $29.75.

Wall Street Analysts Forecast Growth

ROHCY has been the subject of several analyst reports. Zacks Research upgraded shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Rohm currently has a consensus rating of “Moderate Buy”.

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Rohm Stock Performance

The stock has a market capitalization of $12.21 billion, a price-to-earnings ratio of -11.98 and a beta of 1.29. The firm’s 50 day moving average is $26.36 and its 200-day moving average is $20.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.34.

Rohm (OTCMKTS:ROHCY – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. The company had revenue of $711.55 million during the quarter, compared to analyst estimates of $704.12 million. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.39%. Analysts forecast that Rohm Co. will post 0.64 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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