Hoya (OTCMKTS:HOCPY) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Hoya Corp. (OTCMKTS:HOCPY)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $165.78 and traded as low as $145.21. Hoya shares last traded at $145.96, with a volume of 41,191 shares trading hands.

Hoya Stock Performance

The stock has a market cap of $48.84 billion, a PE ratio of 28.94, a P/E/G ratio of 3.03 and a beta of 0.96. The company has a fifty day moving average price of $154.53 and a 200 day moving average price of $165.33. The company has a quick ratio of 4.20, a current ratio of 4.91 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last released its earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. Hoya had a return on equity of 25.78% and a net margin of 27.58%.The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. Analysts expect that Hoya Corp. will post 5.26 earnings per share for the current year.

Hoya Company Profile

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.