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

ROHM logo with Computer and Technology background

Rohm Co. (OTCMKTS:ROHCY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.68 and traded as high as $11.53. Rohm shares last traded at $11.53, with a volume of 1,247 shares.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ROHCY. The Goldman Sachs Group cut Rohm from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Macquarie upgraded Rohm from a "strong sell" rating to a "hold" rating in a research note on Monday, March 17th.

Read Our Latest Stock Report on ROHCY

Rohm Stock Down 1.6%

The business's fifty day moving average price is $9.82 and its two-hundred day moving average price is $9.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.63 and a current ratio of 2.56. The firm has a market capitalization of $4.56 billion, a P/E ratio of -13.28 and a beta of 0.95.

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 firm had revenue of $680.98 million for the quarter. Rohm had a negative net margin of 11.18% and a negative return on equity of 2.45%.

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.

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