Hoya (OTCMKTS:HOCPY) Sees Strong Trading Volume – Should You Buy?

Hoya Corp. (OTCMKTS:HOCPY) shares saw unusually-strong trading volume on Thursday . 30,254 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 35,320 shares.The stock last traded at $148.69 and had previously closed at $151.12.

Hoya Stock Down 1.3%

The firm has a market capitalization of $49.53 billion, a P/E ratio of 29.35, a P/E/G ratio of 3.24 and a beta of 0.96. The stock has a fifty day moving average price of $156.82 and a two-hundred day moving average price of $168.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 4.91.

Hoya (OTCMKTS:HOCPY) last posted its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.13 by $0.10. Hoya had a net margin of 27.58% and a return on equity of 25.78%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. Research analysts forecast that Hoya Corp. will post 5.11 EPS 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.