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

by · The Cerbat Gem

Hoya Corp. (OTCMKTS:HOCPY – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $152.91, but opened at $146.17. Hoya shares last traded at $151.78, with a volume of 3,855 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities raised shares of Hoya to a “strong-buy” rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Check Out Our Latest Research Report on Hoya

Hoya Stock Performance

The stock has a market capitalization of $52.43 billion, a P/E ratio of 37.45, a PEG ratio of 3.04 and a beta of 1.01. The stock’s 50-day simple moving average is $152.41 and its 200 day simple moving average is $135.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.97 and a quick ratio of 4.32.

Hoya (OTCMKTS:HOCPY – Get Free Report) last announced its earnings results on Friday, October 31st. The technology company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.00 by $0.10. Hoya had a net margin of 23.33% and a return on equity of 21.01%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $225.61 billion. Research analysts expect that Hoya Corp. will post 3.66 EPS for the current fiscal year.

About Hoya

(Get Free Report)

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.

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