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

Shares of Hoya Corp. (OTCMKTS:HOCPY) gapped down prior to trading on Wednesday . The stock had previously closed at $156.10, but opened at $146.74. Hoya shares last traded at $151.26, with a volume of 1,372 shares trading hands.

Hoya Stock Down 1.5%

The company has a market capitalization of $49.44 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 3.11 and a beta of 0.96. The business’s 50-day moving average is $156.61 and its 200-day moving average is $167.86. The company has a quick ratio of 4.20, a current ratio of 4.91 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last announced its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.10. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.55 billion. Hoya had a return on equity of 25.78% and a net margin of 27.58%. As a group, equities analysts predict that Hoya Corp. will post 5.26 earnings per share for the current year.

Hoya Company Profile

Hoya Corporation is a Japan-based global technology and healthcare company that develops and manufactures optical products. Its businesses serve the vision-care, medical, semiconductor and information-technology markets, with operations and customers in regions around the world.

Through its Life Care segment, Hoya provides prescription eyeglass lenses, contact lenses and related products, as well as medical equipment such as endoscopes and intraocular lenses used in ophthalmic procedures.