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

Shares of Hoya Corp. (OTCMKTS:HOCPY) gapped down prior to trading on Monday. The stock had previously closed at $167.52, but opened at $157.89. Hoya shares last traded at $158.0950, with a volume of 1,727 shares trading hands.

Analysts Set New Price Targets

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

Hoya Trading Down 4.3%

The company’s fifty day simple moving average is $155.28 and its two-hundred day simple moving average is $166.07. The company has a market capitalization of $52.97 billion, a price-to-earnings ratio of 30.02, a price-to-earnings-growth ratio of 3.43 and a beta of 0.97. 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 released its quarterly earnings data on Friday, October 30th. The technology company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Hoya had a net margin of 28.48% and a return on equity of 27.06%. Research analysts forecast that Hoya Corp. will post 5.27 earnings per share for the current fiscal year.

Hoya Company Profile

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.