Hoya (OTCMKTS:HOCPY) Trading Down 5.2% – Should You Sell?

Hoya Corp. (OTCMKTS:HOCPY)’s share price dropped 5.2% during mid-day trading on Tuesday . The stock traded as low as $141.05 and last traded at $141.0970. 620 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 35,675 shares. The stock had previously closed at $148.91.

Hoya Stock Down 0.6%

The company has a market capitalization of $48.18 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96. The company has a current ratio of 4.91, a quick ratio of 4.20 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $156.14 and its 200 day moving average is $167.35.

Hoya (OTCMKTS:HOCPY) last released its quarterly earnings data on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Hoya had a net margin of 27.58% and a return on equity of 25.78%. Research analysts predict that Hoya Corp. will post 5.26 EPS for the current fiscal year.

Hoya Company Profile

Hoya Corporation is a Japan-based global technology and healthcare company that develops and manufactures optical products. Its businesses serve the vision-care, medical, semiconductor and information-technology markets, with operations and customers in regions around the world.

Through its Life Care segment, Hoya provides prescription eyeglass lenses, contact lenses and related products, as well as medical equipment such as endoscopes and intraocular lenses used in ophthalmic procedures.