Hoya (OTCMKTS:HOCPY) Shares Gap Down – Should You Sell?

Hoya Corp. (OTCMKTS:HOCPY) gapped down before the market opened on Friday . The stock had previously closed at $187.78, but opened at $175.86. Hoya shares last traded at $179.98, with a volume of 3,800 shares changing hands.

Hoya Trading Down 4.1%

The company has a market cap of $60.96 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 3.86 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.96 and a quick ratio of 4.27. The company has a 50-day moving average of $166.28 and a 200 day moving average of $153.03.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings data on Friday, January 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.68. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. Hoya had a return on equity of 24.88% and a net margin of 27.22%. Analysts predict that Hoya Corp. will post 3.66 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.