Hoya (OTCMKTS:HOCPY) Shares Gap Down – Should You Sell?

Hoya Corp. (OTCMKTS:HOCPYGet Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $156.10, but opened at $146.74. Hoya shares last traded at $151.26, with a volume of 1,372 shares changing hands.

Hoya Stock Down 0.8%

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 company has a market cap of $50.19 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The company has a fifty day moving average price of $156.98 and a 200 day moving average price of $168.28.

Hoya (OTCMKTS:HOCPYGet Free Report) last posted its quarterly earnings data on Friday, July 31st. The technology company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.10. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Hoya had a net margin of 27.58% and a return on equity of 25.78%. As a group, analysts anticipate that Hoya Corp. will post 5.11 EPS for the current year.

About Hoya

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Hoya Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Its offerings serve the healthcare, semiconductor, electronics and imaging industries, with operations and customers in markets around the world.

Through its Life Care business, Hoya provides prescription eyeglass lenses, contact lenses and related vision-care products. The company also supplies medical products, including intraocular lenses used in cataract procedures and equipment and systems used in endoscopic and other medical applications.

Hoya’s Information Technology business produces photomasks and mask blanks used in semiconductor manufacturing, as well as optical components, glass substrates and other precision products for electronics and imaging applications.

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