Hoya (OTCMKTS:HOCPY) Shares Gap Down – Time to Sell?

Hoya Corp. (OTCMKTS:HOCPY)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $150.20, but opened at $143.88. Hoya shares last traded at $149.04, with a volume of 4,310 shares trading hands.

Hoya Stock Performance

The company’s 50-day moving average price is $154.25 and its two-hundred day moving average price is $164.99. The company has a market capitalization of $49.93 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 3.11 and a beta of 0.96. 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 issued its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.55 billion. On average, equities research analysts anticipate that Hoya Corp. will post 5.26 EPS for the current fiscal year.

Hoya Company Profile

Hoya Corporation (OTCMKTS:HOCPY) is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Its businesses serve the vision care, medical, semiconductor, and imaging industries.

Hoya’s life-care products include eyeglass lenses, contact lens-care products, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems. The company also provides optical components and related products for cameras, microscopes, and other imaging applications.

Through its information-technology businesses, Hoya supplies photomasks and other high-precision materials used in semiconductor manufacturing, as well as glass substrates and optical components for data storage and communications applications.