Rohm (OTCMKTS:ROHCY) Shares Gap Up – Still a Buy?

Rohm Co. (OTCMKTS:ROHCY) gapped up prior to trading on Tuesday. The stock had previously closed at $17.56, but opened at $18.9350. Rohm shares last traded at $18.81, with a volume of 651 shares.

Rohm Stock Up 5.7%

The company has a current ratio of 4.17, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $7.72 billion, a P/E ratio of 35.69 and a beta of 1.48. The company has a 50 day simple moving average of $27.56 and a two-hundred day simple moving average of $25.99.

Rohm (OTCMKTS:ROHCY) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.16). Rohm had a negative net margin of 29.79% and a positive return on equity of 4.04%. The firm had revenue of $903.29 million for the quarter, compared to the consensus estimate of $903.63 million. On average, equities analysts predict that Rohm Co. will post 0.72 EPS for the current fiscal year.

About Rohm

ROHM Co., Ltd. is a Japan-based semiconductor and electronic components manufacturer headquartered in Kyoto. The company develops and supplies integrated circuits, semiconductor devices, modules and passive components, including resistors. Its products are used in automotive systems, industrial equipment, consumer electronics and communications devices. ROHM serves customers in Japan and international markets through a global network of operations and sales offices. Founded in 1958 as Toyo Electronics Industry, the company initially focused on resistors and adopted the name ROHM in 1981.