Hoya (OTCMKTS:HOCPY) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Hoya Corp. (OTCMKTS:HOCPY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $170.28 and traded as low as $163.21. Hoya shares last traded at $164.10, with a volume of 16,678 shares traded.

Hoya Stock Performance

The company has a 50 day simple moving average of $160.06 and a 200 day simple moving average of $170.28. The stock has a market cap of $54.95 billion, a price-to-earnings ratio of 32.56, a P/E/G ratio of 3.73 and a beta of 0.98. The company has a quick ratio of 4.15, a current ratio of 4.81 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last announced its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Hoya had a return on equity of 25.15% and a net margin of 27.58%. As a group, equities research analysts forecast that Hoya Corp. will post 4.87 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.