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

Hoya Corp. (OTCMKTS:HOCPY) gapped up prior to trading on Wednesday . The stock had previously closed at $156.43, but opened at $162.51. Hoya shares last traded at $162.2740, with a volume of 1,941 shares changing hands.

Hoya Stock Performance

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 firm has a 50-day simple moving average of $154.14 and a 200 day simple moving average of $142.29. The company has a market cap of $55.84 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 3.40 and a beta of 1.01.

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

Hoya Company Profile

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.