Rohm (OTCMKTS:ROHCY) Trading 14.5% Higher – Time to Buy?

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s share price was up 14.5% during mid-day trading on Wednesday . The company traded as high as $31.32 and last traded at $31.32. Approximately 832 shares were traded during trading, a decline of 79% from the average daily volume of 4,024 shares. The stock had previously closed at $27.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ROHCY shares. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research raised Rohm to a “hold” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Rohm currently has a consensus rating of “Moderate Buy”.

View Our Latest Report on Rohm

Rohm Stock Up 6.8%

The firm has a market cap of $12.09 billion, a P/E ratio of -11.86 and a beta of 1.32. The business has a fifty day moving average of $31.26 and a 200 day moving average of $24.36. 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 announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). Rohm had a negative net margin of 31.42% and a positive return on equity of 3.55%. On average, equities research analysts predict that Rohm Co. will post 0.81 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.

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