Hoya (OTCMKTS:HOCPY) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Hoya Corp. (OTCMKTS:HOCPY) passed below its 200-day moving average during trading on Friday . The stock has a 200-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 Up 2.0%

The company has a market cap of $54.95 billion, a PE ratio of 32.56, a PEG ratio of 3.80 and a beta of 0.98. The stock’s 50 day moving average price is $160.06 and its 200-day moving average price is $170.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.15 and a current ratio of 4.81.

Hoya (OTCMKTS:HOCPY) last issued its earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Hoya had a net margin of 27.58% and a return on equity of 25.15%. On average, analysts predict 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.