Rohm (OTCMKTS:ROHCY) Sees Strong Trading Volume - Here's Why

Key Points

• Unusually-strong trading volume: Rohm traded about 8,660 shares Wednesday, a 135% increase from the prior session, with the stock last at $22.51 versus a $21.80 close.
• Quarterly results showed a loss: Rohm reported $(0.04) EPS on $813.36 million in revenue, with a negative net margin of 7.27% and negative return on equity, indicating the quarter was unprofitable despite solid sales.
• Solid balance-sheet and price momentum: The company has a market cap of $8.69 billion, strong liquidity (current ratio 3.34, quick ratio 2.30) and low leverage (debt/equity 0.32), and the share price sits above its 50‑ and 200‑day moving averages ($18.87 and $16.13), suggesting recent upward momentum.

Rohm Co. (OTCMKTS:ROHCY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 8,660 shares were traded during trading, an increase of 135% from the previous session's volume of 3,678 shares.The stock last traded at $22.51 and had previously closed at $21.80.

Rohm Stock Performance

The company has a current ratio of 3.34, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32. The firm's 50-day moving average is $18.87 and its two-hundred day moving average is $16.13. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of -35.73 and a beta of 1.10.

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 company had revenue of $813.36 million for the quarter. Rohm had a negative return on equity of 1.07% and a negative net margin of 7.27%.

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.

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