Hoya (OTCMKTS:HOCPY) Trading 7.5% Higher on Earnings Beat

Hoya Corp. (OTCMKTS:HOCPY)’s stock price traded up 7.5% during trading on Friday following a better than expected earnings announcement. The company traded as high as $155.47 and last traded at $155.47. 289 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 35,996 shares. The stock had previously closed at $144.67.

The technology company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.14 by $0.09. Hoya had a net margin of 27.08% and a return on equity of 24.43%.

Hoya Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.15 and a current ratio of 4.81. The company has a market cap of $52.06 billion, a P/E ratio of 31.99, a P/E/G ratio of 3.35 and a beta of 0.98. The firm has a 50 day moving average price of $160.83 and a 200-day moving average price of $170.32.

Hoya Company Profile

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.