Rohm (OTCMKTS:ROHCY) Sees Large Volume Increase – What’s Next?

Rohm Co. (OTCMKTS:ROHCY) shares saw unusually-high trading volume on Friday . 4,000 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 3,787 shares.The stock last traded at $31.00 and had previously closed at $30.00.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Rohm to a “buy” rating in a research report 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Rohm Stock Performance

The stock’s 50 day moving average price is $30.35 and its 200 day moving average price is $26.46. The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of -12.45 and a beta of 1.33.

Rohm (OTCMKTS:ROHCY) last released its earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. The company had revenue of $851.76 million during the quarter, compared to analyst estimates of $813.37 million. Analysts expect that Rohm Co. will post 0.81 earnings per share for the current 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.