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.

COPYRIGHT VIOLATION NOTICE: “Hoya Corp. (HOCPY) Rating Increased to Buy at Zacks Investment Research” was first published by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/hoya-corp-hocpy-rating-increased-to-buy-at-zacks-investment-research/1604424.html.

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.

Get a free copy of the Zacks research report on Hoya Corp. (HOCPY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hoya Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hoya Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.