Hoya (OTCMKTS:HOCPY) Sees Large Volume Increase – Should You Buy?

Hoya Corp. (OTCMKTS:HOCPY) shares saw an uptick in trading volume on Thursday . 30,254 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 35,320 shares.The stock last traded at $148.69 and had previously closed at $151.12.

Hoya Stock Down 1.3%

The stock has a fifty day moving average price of $156.82 and a 200-day moving average price of $168.08. The firm has a market cap of $49.53 billion, a PE ratio of 29.35, a PEG ratio of 3.24 and a beta of 0.96. 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 quarterly 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 net margin of 27.58% and a return on equity of 25.78%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. Research analysts expect that Hoya Corp. will post 5.11 EPS for the current year.

Hoya Company Profile

Hoya Corporation is a Japan-based global technology and healthcare company that develops and manufactures optical products. Its businesses serve the vision-care, medical, semiconductor and information-technology markets, with operations and customers in regions around the world.

Through its Life Care segment, Hoya provides prescription eyeglass lenses, contact lenses and related products, as well as medical equipment such as endoscopes and intraocular lenses used in ophthalmic procedures.