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

Shares of Rohm Co. (OTCMKTS:ROHCY) gapped down before the market opened on Friday . The stock had previously closed at $13.60, but opened at $12.95. Rohm shares last traded at $12.95, with a volume of 152 shares.

Rohm Trading Up 0.1%

The firm has a 50 day moving average of $14.26 and a 200 day moving average of $13.72. The firm has a market cap of $5.46 billion, a PE ratio of -18.79 and a beta of 1.18. The company has a quick ratio of 2.11, a current ratio of 3.10 and a debt-to-equity ratio of 0.33.

Rohm (OTCMKTS:ROHCY) last released its earnings results on Thursday, November 6th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $868.25 million during the quarter. Rohm had a negative return on equity of 0.96% and a negative net margin of 8.78%.

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.