Hoya (OTCMKTS:HOCPY) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Hoya Corp. (OTCMKTS:HOCPY) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $170.28 and traded as low as $163.21. Hoya shares last traded at $164.10, with a volume of 16,678 shares.

Hoya Stock Performance

The firm has a market cap of $54.95 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 3.73 and a beta of 0.98. The company has a current ratio of 4.81, a quick ratio of 4.15 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $160.06 and its 200 day moving average is $170.28.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings data on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.10. The firm had revenue of $1.61 billion during 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 25.15%. Analysts anticipate that Hoya Corp. will post 4.87 earnings per share for the current year.

About Hoya

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.