Rohm (OTCMKTS:ROHCY) Sets New 12-Month High – Here’s What Happened

Rohm Co. (OTCMKTS:ROHCY)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $36.52 and last traded at $36.52, with a volume of 244 shares changing hands. The stock had previously closed at $32.00.

Analyst Ratings Changes

Several equities analysts recently weighed in on ROHCY shares. The Goldman Sachs Group upgraded Rohm to a “buy” rating in a research report on Monday, June 8th. Zacks Research upgraded Rohm to a “hold” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Rohm Stock Down 6.0%

The stock has a fifty day moving average of $27.63 and a two-hundred day moving average of $20.89. The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of -12.58 and a beta of 1.30.

Rohm (OTCMKTS:ROHCY) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. The company had revenue of $711.55 million during 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%. As a group, analysts predict that Rohm Co. will post 0.64 EPS 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.