Rohm (OTCMKTS:ROHCY) Sees Strong Trading Volume – Here’s What Happened

Rohm Co. (OTCMKTS:ROHCY) shares saw an uptick in trading volume on Tuesday . 8,490 shares traded hands during trading, an increase of 131% from the previous session’s volume of 3,676 shares.The stock last traded at $29.48 and had previously closed at $28.28.

Wall Street Analysts Forecast Growth

ROHCY has been the subject of several analyst reports. Zacks Research upgraded shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group raised 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Rohm Price Performance

The stock has a market cap of $11.31 billion, a PE ratio of -11.09 and a beta of 1.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.79 and a quick ratio of 2.77. The business has a fifty day moving average of $31.48 and a 200 day moving average of $23.60.

Rohm (OTCMKTS:ROHCY) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%.The firm had revenue of $711.55 million during the quarter, compared to analyst estimates of $704.12 million. Sell-side analysts anticipate that Rohm Co. will post 0.81 earnings per share for the current year.

Rohm Company Profile

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.