Zacks Investment Research upgraded shares of Hoya Corp. (OTCMKTS:HOCPY) from a hold rating to a buy rating in a research note released on Friday. The firm currently has $61.00 target price on the technology company’s stock.

According to Zacks, “Hoya Corporation is a specialty manufacturer of optical glass. The Company’s business activities include information technology, eye care, medical, and imaging systems. Its information technologies products include mask blanks and photomasks for semiconductor and LCD, glass memory disks, optical lenses, laser equipment and glass for electronic materials. Its eye care segment includes eyeglass lenses, contact lenses and intraocular lenses while the medical segment includes endoscopic imaging devices and hydroxyapatite. The Company’s imaging system offers digital cameras and CCTV lenses. It also offers system architecture, crystal products, surveying instruments. Hoya Corporation is based in Tokyo, Japan. “

Shares of Hoya Corp. (HOCPY) opened at 54.67 on Friday. Hoya Corp. has a 12 month low of $38.41 and a 12 month high of $58.24. The firm has a 50-day moving average of $56.35 and a 200 day moving average of $51.98. The firm has a market cap of $21.23 billion, a P/E ratio of 24.56 and a beta of 0.93.

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Hoya Corp. Company Profile

HOYA Corporation is a diversified, multinational company and a supplier of high-tech and healthcare products. The Company’s segments include Information Technology, Life Care and Other. The Information Technology segment consists of electronics-related products and imaging-related products. The Life Care segment comprises healthcare-related products and medical-related products.

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