Zacks Research Upgrades Hoya (OTCMKTS:HOCPY) to “Strong-Buy”

Hoya (OTCMKTS:HOCPY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

Hoya Stock Up 2.1%

Shares of HOCPY opened at $152.84 on Wednesday. The company has a 50-day simple moving average of $154.06 and a 200-day simple moving average of $164.51. 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 $51.18 billion, a P/E ratio of 30.33, a P/E/G ratio of 3.11 and a beta of 0.97. Hoya has a 52 week low of $138.88 and a 52 week high of $190.18.

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