Rohm (OTCMKTS:ROHCY) Shares Up 9.4% – Still a Buy?

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s stock price rose 9.4% during mid-day trading on Monday . The company traded as high as $32.92 and last traded at $32.92. Approximately 593 shares changed hands during trading, a decline of 85% from the average daily volume of 3,937 shares. The stock had previously closed at $30.09.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, Rohm presently has a consensus rating of “Moderate Buy”.

Read Our Latest Report on ROHCY

Rohm Trading Up 3.3%

The firm has a market cap of $12.71 billion, a P/E ratio of -12.81 and a beta of 1.32. The stock has a fifty day simple moving average of $30.90 and a 200 day simple moving average of $25.16. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.77 and a current ratio of 3.79.

Rohm (OTCMKTS:ROHCYGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $851.76 million for the quarter, compared to the consensus estimate of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. On average, research analysts expect that Rohm Co. will post 0.81 earnings per share 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.

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