Hoya (OTCMKTS:HOCPY) Stock Jumps 5% – Time to Buy?

Hoya Corp. (OTCMKTS:HOCPY) shares shot up 5% on Wednesday. The stock traded as high as $165.16 and last traded at $165.16. Approximately 1,907 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 35,957 shares. The stock had previously closed at $157.35.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Hoya from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Hoya Stock Performance

The company has a quick ratio of 4.20, a current ratio of 4.91 and a debt-to-equity ratio of 0.03. The company has a market cap of $53.09 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 3.27 and a beta of 0.97. The stock has a 50 day moving average price of $154.84 and a two-hundred day moving average price of $163.53.

Hoya (OTCMKTS:HOCPY) last released its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.10. Hoya had a net margin of 27.58% and a return on equity of 25.78%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. On average, research analysts predict that Hoya Corp. will post 5.26 earnings per share for the current fiscal year.

About Hoya

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.