Hoya (OTCMKTS:HOCPY) Shares Up 5% – Time to Buy?

Hoya Corp. (OTCMKTS:HOCPY)’s stock price traded up 5% during trading on Wednesday. The company traded as high as $165.16 and last traded at $165.16. 1,907 shares were traded during mid-day trading, a decline of 95% from the average session volume of 35,957 shares. The stock had previously closed at $157.35.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Hoya from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, Hoya currently has an average rating of “Strong Buy”.

Hoya Stock Performance

The stock has a market capitalization of $53.09 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 3.27 and a beta of 0.97. The company has a 50 day simple moving average of $154.84 and a 200-day simple moving average of $163.53. 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 announced its quarterly earnings data on Friday, July 31st. The technology company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. Hoya had a net margin of 27.58% and a return on equity of 25.78%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. As a group, equities research analysts expect that Hoya Corp. will post 5.26 EPS for the current fiscal year.

About Hoya

Hoya Corporation (OTCMKTS:HOCPY) is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Its businesses serve the vision care, medical, semiconductor, and imaging industries.

Hoya’s life-care products include eyeglass lenses, contact lens-care products, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems. The company also provides optical components and related products for cameras, microscopes, and other imaging applications.

Through its information-technology businesses, Hoya supplies photomasks and other high-precision materials used in semiconductor manufacturing, as well as glass substrates and optical components for data storage and communications applications.