Hoya (OTCMKTS:HOCPY) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

Shares of Hoya Corp. (OTCMKTS:HOCPY – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $167.52, but opened at $157.89. Hoya shares last traded at $158.0950, with a volume of 1,727 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Hoya from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Read Our Latest Stock Analysis on HOCPY

Hoya Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20. The firm has a market capitalization of $52.97 billion, a P/E ratio of 30.02, a PEG ratio of 3.43 and a beta of 0.97. The company’s 50 day moving average price is $155.28 and its 200 day moving average price is $166.07.

Hoya (OTCMKTS:HOCPY – Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.05. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Hoya had a return on equity of 27.06% and a net margin of 28.48%. As a group, sell-side analysts anticipate that Hoya Corp. will post 5.27 EPS for the current fiscal year.

Hoya Company Profile

(Get Free Report)

HOYA Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.

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