Rohm (OTCMKTS:ROHCY) Shares Gap Down – What’s Next?

Rohm Co. (OTCMKTS:ROHCY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $28.00, but opened at $25.9020. Rohm shares last traded at $25.9020, with a volume of 623 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Rohm to a “hold” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Rohm presently has a consensus rating of “Hold”.

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Rohm Stock Performance

The stock has a market capitalization of $10.33 billion, a PE ratio of -10.14 and a beta of 1.10. The company has a quick ratio of 2.30, a current ratio of 3.34 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $22.49 and a 200-day moving average of $17.85.

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

About Rohm

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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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