Hoya (OTCMKTS:HOCPY) Sets New 52-Week Low – Time to Sell?

Hoya Corp. (OTCMKTS:HOCPY)’s share price hit a new 52-week low during trading on Friday. The company traded as low as $139.85 and last traded at $143.9250, with a volume of 8,619 shares. The stock had previously closed at $145.90.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hoya from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Hoya has a consensus rating of “Strong Buy”.

Hoya Trading Down 1.2%

The firm has a market capitalization of $48.24 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. The stock’s 50-day simple moving average is $155.06 and its two-hundred day simple moving average is $165.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20.

Hoya (OTCMKTS:HOCPY) last posted its quarterly earnings results on Friday, October 30th. The technology company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Hoya had a return on equity of 27.06% and a net margin of 28.48%. Equities research analysts expect that Hoya Corp. will post 5.27 EPS for the current year.

About Hoya

HOYA Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.