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

Hoya Corp. (OTCMKTS:HOCPY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $164.50, but opened at $151.10. Hoya shares last traded at $158.01, with a volume of 1,830 shares trading hands.

Hoya Trading Down 4.8%

The company has a quick ratio of 4.32, a current ratio of 4.97 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $154.27 and its two-hundred day moving average is $142.02. The company has a market capitalization of $53.73 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 3.40 and a beta of 1.01.

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

About Hoya

Hoya Corporation (OTCMKTS: HOCPY) is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya’s product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.