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

Key Points

• Rohm gapped up before trading Friday, opening at $23.15 versus a prior close of $20.49 and last trading around $22.50, about a 9.8% intraday rise.
• Despite the rally, Rohm shows weak profitability—last quarter EPS was ($0.04), net margin was -7.27% and the PE ratio is negative (-35.71)—though analysts expect FY EPS of about $0.24.
• Zacks Research recently upgraded Rohm to a Hold, and MarketBeat's consensus rating for the stock is also "Hold."

Rohm Co. (OTCMKTS:ROHCY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $20.49, but opened at $23.15. Rohm shares last traded at $22.50, with a volume of 1,128 shares changing hands.

Wall Street Analyst Weigh In

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

Rohm Trading Up 9.8%

The company has a market capitalization of $8.69 billion, a PE ratio of -35.71 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. The company's fifty day moving average is $20.87 and its 200-day moving average is $17.02.

Rohm (OTCMKTS:ROHCY - Get Free Report) last posted its earnings results on Wednesday, February 4th. The technology company reported ($0.04) earnings per share for the quarter. Rohm had a negative return on equity of 1.07% and a negative net margin of 7.27%.The company had revenue of $813.36 million for the quarter. On average, analysts anticipate that Rohm Co. will post 0.24 EPS for the current fiscal year.

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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