Hoya (OTCMKTS:HOCPY) Stock Price Down 5% – Here’s Why

Hoya Corp. (OTCMKTS:HOCPY) shares fell 5% during trading on Tuesday. The stock traded as low as $156.86 and last traded at $157.0825. Approximately 391 shares were traded during trading, a decline of 99% from the average daily volume of 39,077 shares. The stock had previously closed at $165.3350.

Analyst Upgrades and Downgrades

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

Hoya Price Performance

The firm has a market cap of $52.54 billion, a P/E ratio of 29.77, a P/E/G ratio of 3.51 and a beta of 0.97. The company has a quick ratio of 4.20, a current ratio of 4.91 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $155.28 and its two-hundred day moving average is $166.07.

Hoya (OTCMKTS:HOCPY) last issued its earnings results on Friday, October 30th. The technology company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.67 billion. Hoya had a return on equity of 25.78% and a net margin of 27.58%. As a group, analysts anticipate that Hoya Corp. will post 5.27 earnings per share for the current year.

Hoya Company Profile

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.