Rohm (OTCMKTS:ROHCY) Shares Gap Up - Time to Buy?

Rohm Co. (OTCMKTS:ROHCY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $11.25, but opened at $12.10. Rohm shares last traded at $12.30, with a volume of 26,399 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group lowered Rohm from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. Macquarie raised shares of Rohm from a "strong sell" rating to a "hold" rating in a research note on Monday, March 17th.

Rohm Stock Down 0.1%

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.56 and a quick ratio of 1.63. The company has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $9.74. The firm has a market cap of $4.91 billion, a PE ratio of -14.32 and a beta of 0.95.

Rohm (OTCMKTS:ROHCY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The technology company reported ($0.30) EPS for the quarter. Rohm had a negative net margin of 11.18% and a negative return on equity of 2.45%. The business had revenue of $680.98 million during the quarter.

About Rohm

ROHM Co, Ltd. manufactures and sells electronic components worldwide. The company operates through three segments: LSI, Semiconductor Devices, and Modules. It provides ICs comprising memory, amplifiers and linear, power management, motor/actuator drivers, resistors, clocks and timers, switches and multiplexers, logic, data converters, sensors and MEMS, display drivers, interfaces, wireless LSIs, audio and video products, speech synthesis LSI, and microcontrollers.