Rohm (OTCMKTS:ROHCY) Sees Large Volume Increase – Time to Buy?

Rohm Co. (OTCMKTS:ROHCYGet Free Report) saw an uptick in trading volume on Tuesday . Approximately 8,490 shares were traded during trading, an increase of 131% from the previous session’s volume of 3,676 shares.The stock last traded at $29.48 and had previously closed at $28.28.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ROHCY shares. Zacks Research raised shares of Rohm to a “hold” rating in a 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on ROHCY

Rohm Stock Performance

The firm has a market cap of $11.38 billion, a PE ratio of -11.17 and a beta of 1.30. The firm has a 50-day moving average price of $31.24 and a two-hundred day moving average price of $23.38. 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 results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%.The firm had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. Research 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

Receive News & Ratings for Rohm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rohm and related companies with MarketBeat.com's FREE daily email newsletter.