Hoya (OTCMKTS:HOCPY) Shares Climb 5% – What’s Next?

Shares of Hoya Corp. (OTCMKTS:HOCPY) traded up 5% during trading on Wednesday. The company traded as high as $165.16 and last traded at $165.16. Approximately 1,907 shares changed hands during trading, a decline of 95% from the average session volume of 35,957 shares. The stock had previously closed at $157.35.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Hoya from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Hoya Stock Performance

The firm’s 50 day simple moving average is $154.70 and its 200-day simple moving average is $163.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 4.91. The company has a market capitalization of $53.34 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 3.28 and a beta of 0.97.

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

Hoya Company Profile

Hoya Corporation (OTCMKTS:HOCPY) is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Its businesses serve the vision care, medical, semiconductor, and imaging industries.

Hoya’s life-care products include eyeglass lenses, contact lens-care products, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems. The company also provides optical components and related products for cameras, microscopes, and other imaging applications.

Through its information-technology businesses, Hoya supplies photomasks and other high-precision materials used in semiconductor manufacturing, as well as glass substrates and optical components for data storage and communications applications.