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Rohm (OTCMKTS:ROHCY) Shares Gap Up - Here's Why

Rohm logo with Computer and Technology background

Rohm Co. (OTCMKTS:ROHCY - Get Free Report)'s share price gapped up before the market opened 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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of 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 report on Monday, March 17th.

Check Out Our Latest Stock Report on Rohm

Rohm Trading Up 9.3%

The company has a quick ratio of 1.63, a current ratio of 2.56 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $9.95 and a 200 day moving average of $9.71. The firm has a market cap of $4.97 billion, a PE ratio of -14.47 and a beta of 0.95.

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

About Rohm

(Get Free Report)

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.

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