Rohm (OTCMKTS:ROHCY) Shares Gap Down – Here’s Why

Shares of Rohm Co. (OTCMKTS:ROHCY) gapped down before the market opened on Thursday. The stock had previously closed at $19.99, but opened at $18.27. Rohm shares last traded at $18.2750, with a volume of 726 shares trading hands.

Rohm Trading Down 8.0%

The stock has a market capitalization of $7.10 billion, a PE ratio of -7.10 and a beta of 1.48. The firm has a 50 day moving average price of $27.56 and a 200 day moving average price of $25.99. The company has a quick ratio of 3.12, a current ratio of 4.17 and a debt-to-equity ratio of 0.39.

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

Rohm Company Profile

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.