Rohm (OTCMKTS:ROHCY) Sees Strong Trading Volume – Should You Buy?

Rohm Co. (OTCMKTS:ROHCYGet Free Report) saw strong trading volume on Friday . 7,400 shares traded hands during mid-day trading, an increase of 93% from the previous session’s volume of 3,839 shares.The stock last traded at $29.95 and had previously closed at $29.9150.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Rohm to a “buy” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Rohm presently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on ROHCY

Rohm Stock Up 1.8%

The business’s fifty day moving average price is $30.92 and its 200 day moving average price is $25.53. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of -11.84 and a beta of 1.32. The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40.

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

Further Reading

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