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

Hoya Corp. (OTCMKTS:HOCPY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $168.72, but opened at $161.31. Hoya shares last traded at $169.5550, with a volume of 1,323 shares traded.

Hoya Price Performance

The company’s 50-day moving average is $175.24 and its 200-day moving average is $160.05. The firm has a market cap of $58.82 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 2.60 and a beta of 1.00. The company has a current ratio of 4.96, a quick ratio of 4.27 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last announced its quarterly earnings data on Friday, January 30th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.08 by $0.68. Hoya had a net margin of 27.22% and a return on equity of 24.88%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.53 billion. Equities research 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.