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

Hoya Corp. (OTCMKTS:HOCPY) gapped up before the market opened on Thursday. The stock had previously closed at $165.88, but opened at $173.13. Hoya shares last traded at $165.30, with a volume of 627 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Hoya from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Hoya Stock Down 0.0%

The company has a 50 day moving average of $154.57 and a 200-day moving average of $163.10. The company has a market capitalization of $55.68 billion, a P/E ratio of 33.00, a PEG ratio of 3.45 and a beta of 0.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20.

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

About Hoya

HOYA Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.