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

Shares of Hoya Corp. (OTCMKTS:HOCPY) gapped down prior to trading on Friday . The stock had previously closed at $187.78, but opened at $175.86. Hoya shares last traded at $179.98, with a volume of 3,800 shares.

Hoya Stock Performance

The company has a market capitalization of $60.96 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00. The business has a 50 day moving average of $166.28 and a 200 day moving average of $153.03. The company has a quick ratio of 4.27, a current ratio of 4.96 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last released its quarterly earnings data on Friday, January 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.68. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. Hoya had a return on equity of 24.88% and a net margin of 27.22%. On average, sell-side analysts predict that Hoya Corp. will post 3.66 earnings per share for the current 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.