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

Shares of Hoya Corp. (OTCMKTS:HOCPY) gapped down before the market opened on Thursday . The stock had previously closed at $152.91, but opened at $146.17. Hoya shares last traded at $151.78, with a volume of 3,855 shares trading hands.

Analysts Set New Price Targets

Separately, Nomura Securities upgraded Hoya to a “strong-buy” rating in a research note on Monday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Hoya presently has a consensus rating of “Strong Buy”.

Hoya Stock Performance

The stock has a market capitalization of $51.96 billion, a PE ratio of 37.12, a P/E/G ratio of 3.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.97 and a quick ratio of 4.32. The firm has a fifty day moving average price of $152.68 and a two-hundred day moving average price of $136.28.

Hoya (OTCMKTS:HOCPY) last released its quarterly earnings results on Friday, October 31st. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $225.61 billion. Hoya had a net margin of 23.33% and a return on equity of 21.01%. Research analysts expect that Hoya Corp. will post 3.66 EPS for the current year.

About Hoya

HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. It operates through three segments: Life Care, Telecommunication, and Other. The company offers life care products, including eyeglass and contact lenses; medical endoscopes; intraocular lenses; laparoscopic surgical instruments; automatic endoscope cleaning equipment; and other medical related products, such as prosthetic ceramic fillers and metallic implants for orthopedics.