Rohm (OTCMKTS:ROHCY) Shares Gap Down – Here’s Why

Shares of Rohm Co. (OTCMKTS:ROHCYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $35.35, but opened at $33.22. Rohm shares last traded at $33.22, with a volume of 134 shares.

Analysts Set New Price Targets

ROHCY has been the topic of a number of research analyst reports. The Goldman Sachs Group raised Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research raised Rohm to a “hold” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Rohm currently has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on ROHCY

Rohm Price Performance

The stock has a market capitalization of $12.82 billion, a P/E ratio of -12.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.77 and a current ratio of 3.79. The firm has a fifty day moving average price of $27.63 and a two-hundred day moving average price of $20.89.

Rohm (OTCMKTS:ROHCYGet Free Report) last issued its quarterly earnings data 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 positive return on equity of 3.55% and a negative net margin of 31.42%. As a group, analysts expect that Rohm Co. will post 0.64 EPS 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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