Rohm (OTCMKTS:ROHCY) Stock Passes Above 50-Day Moving Average - Here's Why

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.

Rohm Co. (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 $11.80 and traded as high as $13.20. Rohm shares last traded at $13.20, with a volume of 3,989 shares traded.

Wall Street Analyst Weigh In

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

Rohm Trading Down 0.1%

The firm has a market capitalization of $5.33 billion, a PE ratio of -15.53 and a beta of 0.99. The company has a current ratio of 2.56, a quick ratio of 1.63 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average price of $11.80 and a two-hundred day moving average price of $10.32.

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

Rohm Company Profile

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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