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

Rohm Co. (OTCMKTS:ROHCYGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $31.6295, but opened at $30.16. Rohm shares last traded at $30.16, with a volume of 402 shares.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

View Our Latest Report on ROHCY

Rohm Stock Down 3.3%

The business’s 50 day moving average price is $30.21 and its 200-day moving average price is $26.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.77 and a current ratio of 3.79. The firm has a market capitalization of $11.91 billion, a PE ratio of -12.00 and a beta of 1.33.

Rohm (OTCMKTS:ROHCYGet Free Report) last posted its 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 company had revenue of $851.76 million during the quarter, compared to analyst estimates 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, equities research analysts forecast that Rohm Co. will post 0.81 earnings per share for the current year.

About Rohm

(Get Free Report)

ROHM Co, Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and produces integrated circuits, discrete semiconductors, power devices, sensors, modules and other components used in automotive, industrial equipment, consumer electronics and communications applications.

ROHM’s product portfolio includes analog and power management ICs, microcontrollers, diodes, transistors, LEDs, resistors and timing devices. The company also supplies silicon carbide and other power semiconductor technologies designed for applications such as electric vehicles, renewable energy systems, industrial machinery and energy-efficient electronics.

Founded in 1958 as Toyo Denki Seizo Co, Ltd., the company adopted the name ROHM Co, Ltd.

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