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

Hoya Corp. (OTCMKTS:HOCPY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $113.19, but opened at $117.54. Hoya shares last traded at $117.54, with a volume of 783 shares traded.

Analyst Ratings Changes

Separately, Erste Group Bank upgraded Hoya from a “hold” rating to a “strong-buy” rating in a report on Friday, May 23rd.

Hoya Price Performance

The firm has a market cap of $40.35 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.91. The stock’s 50-day moving average is $118.32 and its 200-day moving average is $121.72. The company has a quick ratio of 4.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hoya had a return on equity of 20.43% and a net margin of 23.22%. As a group, equities analysts anticipate that Hoya Corp. will post 3.66 EPS for the current fiscal year.

Hoya Company Profile

HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. It operates through three segments: Life Care, Telecommunication, and Other. The company offers life care products, including eyeglass and contact lenses; medical endoscopes; intraocular lenses; laparoscopic surgical instruments; automatic endoscope cleaning equipment; and other medical related products, such as prosthetic ceramic fillers and metallic implants for orthopedics.