Rohm (OTCMKTS:ROHCY) Trading Down 13.3% – Should You Sell?

Shares of Rohm Co. (OTCMKTS:ROHCY) were down 13.3% during trading on Tuesday . The stock traded as low as $24.5950 and last traded at $24.5950. 938 shares were traded during mid-day trading, a decline of 77% from the average session volume of 3,993 shares. The stock had previously closed at $28.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Zacks Research upgraded Rohm to a “hold” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group raised Rohm to a “buy” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Rohm Price Performance

The stock’s 50 day moving average price is $31.50 and its 200-day moving average price is $23.89. The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $9.77 billion, a PE ratio of -9.58 and a beta of 1.30.

Rohm (OTCMKTS:ROHCY) last announced its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. The company had revenue of $711.55 million during the quarter, compared to analyst estimates of $704.12 million. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.55%. As a group, equities analysts forecast that Rohm Co. will post 0.81 EPS for the current 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.