Hoya (OTCMKTS:HOCPY) Releases Quarterly Earnings Results

by · The Markets Daily

Hoya (OTCMKTS:HOCPY – Get Free Report) announced its earnings results on Friday. The technology company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05, Zacks reports. Hoya had a return on equity of 25.78% and a net margin of 27.58%.

Hoya Stock Performance

HOCPY traded down $2.19 during trading on Friday, hitting $165.34. 27,343 shares of the company traded hands, compared to its average volume of 39,042. The firm has a market cap of $55.36 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 3.51 and a beta of 0.97. The stock’s fifty day moving average is $155.12 and its 200 day moving average is $166.06. The company has a quick ratio of 4.20, a current ratio of 4.91 and a debt-to-equity ratio of 0.03. Hoya has a one year low of $140.90 and a one year high of $190.18.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Hoya from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Check Out Our Latest Research Report on HOCPY

About Hoya

(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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