Rohm (OTCMKTS:ROHCY) Shares Gap Down – Should You Sell?

Rohm Co. (OTCMKTS:ROHCY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $32.50, but opened at $30.79. Rohm shares last traded at $30.79, with a volume of 142 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Rohm to a “buy” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Rohm Price Performance

The firm has a market cap of $11.55 billion, a PE ratio of -11.64 and a beta of 1.32. The firm’s fifty day simple moving average is $30.92 and its two-hundred day simple moving average is $25.53. The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40.

Rohm (OTCMKTS:ROHCY) last announced its quarterly earnings data 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 positive return on equity of 4.23% and a negative net margin of 29.85%.The firm had revenue of $851.76 million during the quarter, compared to analysts’ expectations of $813.37 million. As a group, research analysts expect that Rohm Co. will post 0.81 EPS 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.