Hoya (OTCMKTS:HOCPY) Shares Gap Up – Time to Buy?

Hoya Corp. (OTCMKTS:HOCPY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $176.50, but opened at $182.85. Hoya shares last traded at $176.33, with a volume of 3,273 shares traded.

Hoya Price Performance

The company has a market cap of $59.64 billion, a PE ratio of 36.04, a PEG ratio of 2.85 and a beta of 1.00. The firm’s 50-day moving average is $168.90 and its 200-day moving average is $154.63. The company has a quick ratio of 4.27, a current ratio of 4.96 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last posted its earnings results on Friday, January 30th. The technology company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.68. Hoya had a return on equity of 24.88% and a net margin of 27.22%.The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. On average, equities analysts anticipate that Hoya Corp. will post 3.66 EPS 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.