Hoya (OTCMKTS:HOCPY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Hoya (OTCMKTS:HOCPY) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks reports.

Hoya Stock Performance

OTCMKTS HOCPY opened at $152.84 on Wednesday. The company has a fifty day moving average of $154.06 and a two-hundred day moving average of $164.51. The company has a market capitalization of $51.18 billion, a PE ratio of 30.33, a P/E/G ratio of 3.11 and a beta of 0.97. Hoya has a 1 year low of $138.88 and a 1 year high of $190.18. 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 posted its earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Hoya had a return on equity of 25.78% and a net margin of 27.58%. As a group, analysts expect that Hoya will post 5.26 earnings per share for the current year.

Hoya Company Profile

Hoya Corporation (OTCMKTS:HOCPY) is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Its businesses serve the vision care, medical, semiconductor, and imaging industries.

Hoya’s life-care products include eyeglass lenses, contact lens-care products, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems. The company also provides optical components and related products for cameras, microscopes, and other imaging applications.

Through its information-technology businesses, Hoya supplies photomasks and other high-precision materials used in semiconductor manufacturing, as well as glass substrates and optical components for data storage and communications applications.