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

Rohm Co. (OTCMKTS:ROHCYGet Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $33.58, but opened at $32.62. Rohm shares last traded at $32.62, with a volume of 200 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROHCY. Zacks Research upgraded shares of Rohm to a “hold” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on Rohm

Rohm Stock Performance

The stock has a 50-day moving average of $28.79 and a 200 day moving average of $21.71. The stock has a market cap of $12.54 billion, a PE ratio of -12.31 and a beta of 1.30. 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:ROHCYGet Free Report) last issued its earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%.The company had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. Equities analysts predict that Rohm Co. will post 0.64 EPS for the current fiscal year.

About Rohm

(Get Free Report)

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.

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