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Rohm (OTCMKTS:ROHCY) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Rohm logo with Computer and Technology background

Key Points

  • Rohm Co. (OTCMKTS:ROHCY) shares recently surpassed their 50-day moving average of $11.80, trading as high as $13.20 with a volume of 3,989 shares.
  • Goldman Sachs downgraded Rohm from a "strong-buy" rating to a "hold" rating in a report released on March 31st.
  • In its recent earnings report, Rohm posted a loss of ($0.30) per share with revenues of $680.98 million for the quarter, reflecting negative return on equity and net margin.
  • Looking to export and analyze Rohm data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Rohm Co. (OTCMKTS:ROHCY - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.80 and traded as high as $13.20. Rohm shares last traded at $13.20, with a volume of 3,989 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Rohm from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st.

Read Our Latest Stock Report on Rohm

Rohm Price Performance

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 stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of -14.91 and a beta of 0.99. The stock's 50 day simple moving average is $11.94 and its 200-day simple moving average is $10.39.

Rohm (OTCMKTS:ROHCY - Get Free Report) last issued its quarterly earnings data 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 during the quarter.

Rohm Company Profile

(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.

Read More

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