Rohm (OTCMKTS:ROHCY) Reaches New 52-Week High - Here's Why

Key Points

• Rohm hit a new 52-week high, trading as high as $24.0095 and last at $23.7950 on Tuesday, with the 50-day and 200-day moving averages at $19.26 and $16.35 respectively, indicating a recent strong rally.
• Underlying fundamentals remain mixed: the company reported quarterly EPS of ($0.04) on $813.36M revenue, has a negative net margin (-7.27%) and a negative P/E (-37.77%), yet maintains a $9.19 billion market cap.
• Analyst sentiment is cautious: Zacks Research upgraded Rohm to a "Hold" and MarketBeat shows an average rating of "Hold."

Rohm Co. (OTCMKTS:ROHCY - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $24.0095 and last traded at $23.7950, with a volume of 2347 shares traded. The stock had previously closed at $22.98.

Analyst Ratings Changes

Separately, Zacks Research upgraded Rohm to a "hold" rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Rohm presently has an average rating of "Hold".

Rohm Stock Performance

The stock has a fifty day moving average price of $19.26 and a two-hundred day moving average price of $16.35. The company has a market cap of $9.19 billion, a P/E ratio of -37.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.34 and a quick ratio of 2.30.

Rohm (OTCMKTS:ROHCY - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported ($0.04) earnings per share for the quarter. The business had revenue of $813.36 million for the quarter. Rohm had a negative net margin of 7.27% and a negative return on equity of 1.07%.

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.

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