Rohm (OTCMKTS:ROHCY) Sees Strong Trading Volume – Time to Buy?

Rohm Co. (OTCMKTS:ROHCYGet Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 5,243 shares were traded during mid-day trading, an increase of 61% from the previous session’s volume of 3,257 shares.The stock last traded at $23.60 and had previously closed at $25.09.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Rohm to a “hold” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

View Our Latest Stock Report on ROHCY

Rohm Stock Performance

The firm’s 50-day moving average price is $21.69 and its 200 day moving average price is $17.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.34. The company has a market cap of $10.81 billion, a price-to-earnings ratio of -10.61 and a beta of 1.10.

Rohm (OTCMKTS:ROHCYGet Free Report) last released its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.39%. The business had revenue of $711.55 million for the quarter, compared to analyst estimates of $704.12 million. On average, sell-side analysts anticipate that Rohm Co. will post 0.64 EPS for the current 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.

Further Reading

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