Rohm Co. (OTCMKTS:ROHCY – Get 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%
Rohm (OTCMKTS:ROHCY – Get 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
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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