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ROHM (OTCMKTS:ROHCY) Shares Pass Above 50 Day Moving Average - Time to Sell?

ROHM logo with Computer and Technology background

ROHM Co., Ltd. (OTCMKTS:ROHCY - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.31 and traded as high as $11.43. ROHM shares last traded at $11.36, with a volume of 22,566 shares trading hands.

Analysts Set New Price Targets

ROHCY has been the subject of a number of recent research reports. Macquarie upgraded ROHM from a "strong sell" rating to a "hold" rating in a research note on Monday, March 17th. The Goldman Sachs Group cut shares of ROHM from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st.

Get Our Latest Stock Analysis on ROHM

ROHM Price Performance

The company has a quick ratio of 1.79, a current ratio of 2.73 and a debt-to-equity ratio of 0.32. The company's 50-day moving average is $9.31 and its 200-day moving average is $9.56. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of -13.36 and a beta of 0.91.

ROHM (OTCMKTS:ROHCY - Get Free Report) last posted its earnings results on Tuesday, May 13th. The technology company reported ($0.30) EPS for the quarter. The company had revenue of $680.98 million during 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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