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

Rohm Co. (OTCMKTS:ROHCY – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $29.3210, but opened at $30.6910. Rohm shares last traded at $30.6910, with a volume of 1,052 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Rohm to a “buy” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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Rohm Stock Performance

The company has a market capitalization of $11.85 billion, a P/E ratio of -11.94 and a beta of 1.32. The stock’s fifty day moving average price is $30.71 and its 200-day moving average price is $25.99. 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:ROHCY – Get Free Report) last posted 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 during 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%. As a group, research analysts anticipate that Rohm Co. will post 0.81 EPS for the current fiscal year.

Rohm Company Profile

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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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