Hoya (OTCMKTS:HOCPY) Sees Strong Trading Volume – Here’s Why

Hoya Corp. (OTCMKTS:HOCPY) saw unusually-strong trading volume on Friday. Approximately 74,933 shares traded hands during trading, an increase of 103% from the previous session’s volume of 36,895 shares. The stock last traded at $170.77 and had previously closed at $168.59.

Analyst Upgrades and Downgrades

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

Hoya Stock Down 0.4%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 4.91. The firm has a market capitalization of $55.46 billion, a P/E ratio of 32.87, a P/E/G ratio of 3.50 and a beta of 0.97. The stock has a fifty day moving average price of $154.59 and a two-hundred day moving average price of $163.08.

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

About Hoya

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.