Hoya (OTCMKTS:HOCPY) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Hoya Corp. (OTCMKTS:HOCPY) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $166.07 and traded as low as $163.22. Hoya shares last traded at $165.3350, with a volume of 27,343 shares.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Hoya from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Hoya Trading Down 1.3%

The firm has a fifty day simple moving average of $155.28 and a 200-day simple moving average of $166.07. The firm has a market cap of $55.36 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 3.48 and a beta of 0.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20.

Hoya (OTCMKTS:HOCPY) last released its quarterly earnings data on Friday, October 30th. The technology company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.67 billion. Hoya had a return on equity of 25.78% and a net margin of 27.58%. On average, equities research analysts expect that Hoya Corp. will post 5.26 earnings per share for the current year.

About Hoya

HOYA Corporation is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Founded in 1941 as an optical glass manufacturer, the company has expanded into medical devices, vision care, and advanced technologies used in semiconductor production and other industrial applications.

Through its Life Care businesses, HOYA provides prescription eyeglass lenses, contact lenses, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems.