Rohm (OTCMKTS:ROHCY) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Rohm to a "hold" rating, signaling a neutral view from the analyst firm.
• Rohm reported a quarterly loss of $0.04 per share on $813.36 million in revenue, with a negative net margin (-7.27%) and negative return on equity (-1.07%).
• Shares opened at $22.51—near a 52-week high of $23.11—with a market cap of $8.69 billion and 50-/200-day simple moving averages of $19.05 and $16.22, respectively, indicating recent price strength.

Rohm (OTCMKTS:ROHCY - Get Free Report) was upgraded by investment analysts at Zacks Research to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Rohm Price Performance

Shares of ROHCY opened at $22.51 on Wednesday. The stock has a market cap of $8.69 billion, a PE ratio of -35.73 and a beta of 1.10. 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 has a fifty-two week low of $7.49 and a fifty-two week high of $23.11. The firm's 50-day simple moving average is $19.05 and its two-hundred day simple moving average is $16.22.

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

About Rohm

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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