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

Rohm Co. (OTCMKTS:ROHCY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $29.23, but opened at $27.20. Rohm shares last traded at $27.20, with a volume of 259 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research upgraded shares of Rohm to a “hold” rating in a research report on Wednesday, April 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.com, the stock presently has an average rating of “Moderate Buy”.

Rohm Stock Down 4.1%

The firm has a 50-day moving average of $31.51 and a two-hundred day moving average of $23.80. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of -10.30 and a beta of 1.30. The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40.

Rohm (OTCMKTS:ROHCY) last released its earnings results 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 company had revenue of $711.55 million for the quarter, compared to analysts’ expectations of $704.12 million. As a group, 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.