Hoya (OTCMKTS:HOCPY) Shares Gap Up – Here’s What Happened

Hoya Corp. (OTCMKTS:HOCPY) gapped up prior to trading on Thursday. The stock had previously closed at $165.88, but opened at $173.13. Hoya shares last traded at $165.30, with a volume of 627 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised 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. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Hoya Price Performance

The company’s fifty day moving average price is $154.61 and its 200 day moving average price is $163.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 4.91. The firm has a market capitalization of $56.00 billion, a price-to-earnings ratio of 33.18, a price-to-earnings-growth ratio of 3.44 and a beta of 0.97.

Hoya (OTCMKTS:HOCPY) last announced its quarterly earnings data on Friday, July 31st. The technology company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. Hoya had a net margin of 27.58% and a return on equity of 25.78%. Equities research analysts expect that Hoya Corp. will post 5.26 earnings per share 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.