Hoya (OTCMKTS:HOCPY) Shares Gap Up – What’s Next?

Hoya Corp. (OTCMKTS:HOCPY)’s share price gapped up prior to trading on Friday. The stock had previously closed at $159.31, but opened at $167.24. Hoya shares last traded at $162.32, with a volume of 15,400 shares changing hands.

Wall Street Analysts Forecast Growth

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

Hoya Trading Up 1.9%

The firm’s fifty day simple moving average is $154.70 and its 200 day simple moving average is $163.37. The stock has a market capitalization of $54.34 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 4.91.

Hoya (OTCMKTS:HOCPY) last posted its earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.13 by $0.10. Hoya had a return on equity of 25.78% and a net margin of 27.58%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. As a group, equities research analysts forecast that Hoya Corp. will post 5.26 EPS 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.