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

Shares of Hoya Corp. (OTCMKTS:HOCPY) gapped up prior to trading on Thursday . The stock had previously closed at $143.9550, but opened at $148.95. Hoya shares last traded at $146.00, with a volume of 19,879 shares changing hands.

Hoya Stock Up 1.4%

The firm’s 50-day moving average price is $154.67 and its 200 day moving average price is $165.55. The company has a current ratio of 4.91, a quick ratio of 4.20 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $48.89 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 3.03 and a beta of 0.96.

Hoya (OTCMKTS:HOCPY) last posted its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.10. Hoya had a net margin of 27.58% and a return on equity of 25.78%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. On average, sell-side analysts forecast that Hoya Corp. will post 5.26 EPS for the current fiscal year.

About Hoya

Hoya Corporation is a Japan-based global technology and healthcare company that develops and manufactures optical products. Its businesses serve the vision-care, medical, semiconductor and information-technology markets, with operations and customers in regions around the world.

Through its Life Care segment, Hoya provides prescription eyeglass lenses, contact lenses and related products, as well as medical equipment such as endoscopes and intraocular lenses used in ophthalmic procedures.