Hoya (OTCMKTS:HOCPY) Hits New 12-Month High – Still a Buy?

Hoya Corp. (OTCMKTS:HOCPY) hit a new 52-week high on Tuesday . The company traded as high as $187.00 and last traded at $187.00, with a volume of 5607 shares. The stock had previously closed at $179.20.

Hoya Trading Up 5.3%

The firm’s 50-day moving average price is $164.20 and its 200-day moving average price is $152.15. The company has a quick ratio of 4.27, a current ratio of 4.96 and a debt-to-equity ratio of 0.03. The company has a market cap of $63.47 billion, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00.

Hoya (OTCMKTS:HOCPY) last announced its quarterly earnings results on Friday, January 30th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.08 by $0.68. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.53 billion. Hoya had a net margin of 27.22% and a return on equity of 24.88%. As a group, equities research analysts expect that Hoya Corp. will post 3.66 earnings per share for the current fiscal year.

Hoya Company Profile

Hoya Corporation (OTCMKTS: HOCPY) is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya’s product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.