Hoya (OTCMKTS:HOCPY) Shares Gap Down – Time to Sell?

Hoya Corp. (OTCMKTS:HOCPY) gapped down prior to trading on Tuesday . The stock had previously closed at $164.50, but opened at $151.10. Hoya shares last traded at $158.01, with a volume of 1,830 shares traded.

Hoya Stock Performance

The company has a quick ratio of 4.32, a current ratio of 4.97 and a debt-to-equity ratio of 0.03. The stock has a market cap of $53.73 billion, a P/E ratio of 38.38, a PEG ratio of 3.40 and a beta of 1.01. The business has a 50 day moving average price of $154.27 and a 200 day moving average price of $142.02.

Hoya (OTCMKTS:HOCPY) last posted its quarterly earnings data on Friday, October 31st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Hoya had a return on equity of 21.01% and a net margin of 23.33%.The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $225.61 billion. As a group, sell-side analysts expect that Hoya Corp. will post 3.66 EPS for the current year.

About Hoya

Hoya Corporation (OTCMKTS: HOCPY) is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya’s product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.