Hoya (OTCMKTS:HOCPY) Shares Gap Up – What’s Next?

Hoya Corp. (OTCMKTS:HOCPY) shares gapped up before the market opened on Thursday. The stock had previously closed at $143.9550, but opened at $148.95. Hoya shares last traded at $146.00, with a volume of 19,879 shares traded.

Hoya Trading Up 2.7%

The company’s 50 day moving average price is $154.38 and its 200 day moving average price is $165.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20. The firm has a market cap of $50.17 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.03 and a beta of 0.96.

Hoya (OTCMKTS:HOCPY) last announced its 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 firm had revenue of $1.61 billion for 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%. As a group, analysts forecast that Hoya Corp. will post 5.26 EPS for the current fiscal 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.