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Rohm (OTCMKTS:ROHCY) Sees Large Volume Increase - Time to Buy?

Rohm logo with Computer and Technology background
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Key Points

  • Trading surge: Rohm saw a 194% increase in volume to about 13,118 shares on Tuesday while the stock ticked down to $20.86 from a $21.16 close.
  • Financials mixed: The company reported a negative EPS of ($0.04) and a negative net margin of 7.27% (P/E -33.11) on quarterly revenue of $813.36 million, but retains strong liquidity (quick ratio 2.30, current ratio 3.34) and low leverage (debt/equity 0.32).
  • Five stocks we like better than Rohm.

Rohm Co. (OTCMKTS:ROHCY - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 13,118 shares traded hands during trading, an increase of 194% from the previous session's volume of 4,465 shares.The stock last traded at $20.86 and had previously closed at $21.16.

Rohm Price Performance

The company has a 50 day moving average of $17.32 and a 200 day moving average of $15.41. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of -33.11 and a beta of 1.13. The company has a quick ratio of 2.30, a current ratio of 3.34 and a debt-to-equity ratio of 0.32.

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

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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