Hoya Corp. (OTCMKTS:HOCPY – Get Free Report) shares 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 changing hands.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Hoya from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, Hoya has a consensus rating of “Strong Buy”.
Check Out Our Latest Report on HOCPY
Hoya Stock Down 0.5%
The firm has a market capitalization of $52.25 billion, a PE ratio of 29.76, a PEG ratio of 3.25 and a beta of 1.01. The business’s 50 day simple moving average is $155.28 and its 200 day simple moving average is $166.03. The company has a current ratio of 4.91, a quick ratio of 4.20 and a debt-to-equity ratio of 0.03.
Hoya (OTCMKTS:HOCPY – Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The technology company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. Hoya had a net margin of 28.48% and a return on equity of 27.06%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.67 billion. On average, equities research analysts forecast that Hoya Corp. will post 5.27 earnings per share for the current year.
About Hoya
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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