Rohm (OTCMKTS:ROHCY) Sees Unusually-High Trading Volume – Time to Buy?

Rohm Co. (OTCMKTS:ROHCY) saw unusually-high trading volume on Tuesday . Approximately 5,243 shares changed hands during trading, an increase of 61% from the previous session’s volume of 3,257 shares.The stock last traded at $23.60 and had previously closed at $25.09.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Rohm to a “hold” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Rohm Trading Down 5.9%

The company has a quick ratio of 2.30, a current ratio of 3.34 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $9.11 billion, a PE ratio of -37.46 and a beta of 1.10. The business’s fifty day moving average is $21.48 and its 200-day moving average is $17.33.

Rohm (OTCMKTS:ROHCY) last issued its earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. Rohm had a negative return on equity of 1.07% and a negative net margin of 7.27%. As a group, analysts anticipate that Rohm Co. will post 0.24 EPS for the current fiscal 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.