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Rohm (OTCMKTS:ROHCY) Trading 9% Higher - Here's Why

Rohm logo with Computer and Technology background
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Key Points

  • Up 9% — Rohm shares jumped to $21.47 mid-day from a $19.705 close, but trading was extremely light at 237 shares (about 94% below the ~4,200 average).
  • Company fundamentals are mixed: a market cap of $8.48B and strong liquidity (quick ratio 2.30, current ratio 3.34) contrast with quarterly EPS ($0.04), $813.36M in revenue, a negative net margin (-7.27%), negative ROE and a negative PE (-33.33).
  • MarketBeat previews the top five stocks to own by May 1st.

Rohm Co. (OTCMKTS:ROHCY - Get Free Report) shares traded up 9% during mid-day trading on Wednesday . The stock traded as high as $21.4740 and last traded at $21.4740. 237 shares changed hands during trading, a decline of 94% from the average session volume of 4,200 shares. The stock had previously closed at $19.7050.

Rohm Stock Performance

The business's fifty day moving average price is $17.94 and its 200-day moving average price is $15.67. The stock has a market cap of $8.48 billion, a PE ratio of -33.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.34.

Rohm (OTCMKTS:ROHCY - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported ($0.04) earnings per share for the quarter. The company had revenue of $813.36 million for the quarter. Rohm had a negative net margin of 7.27% and a negative return on equity of 1.07%.

About Rohm

(Get Free Report)

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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