Rohm (OTCMKTS:ROHCY) Shares Up 6.3% – Here’s Why

Rohm Co. (OTCMKTS:ROHCY)’s share price shot up 6.3% during mid-day trading on Tuesday . The stock traded as high as $31.6346 and last traded at $31.6346. 230 shares were traded during trading, a decline of 94% from the average daily volume of 3,624 shares. The stock had previously closed at $29.75.

Analysts Set New Price Targets

ROHCY has been the topic of a number of research reports. Zacks Research raised shares of Rohm to a “hold” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One equities research 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 stock currently has an average rating of “Moderate Buy”.

Rohm Trading Up 1.7%

The company has a current ratio of 3.79, a quick ratio of 2.30 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $12.57 billion, a P/E ratio of -12.33 and a beta of 1.30. The company has a 50-day moving average price of $26.74 and a 200 day moving average price of $20.33.

Rohm (OTCMKTS:ROHCY) last posted its earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $711.55 million for the quarter, compared to analyst estimates of $704.12 million. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%. On average, research analysts forecast that Rohm Co. will post 0.64 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.