Hoya (OTCMKTS:HOCPY) Sees Large Volume Increase – Still a Buy?

Hoya Corp. (OTCMKTS:HOCPY) shares saw unusually-strong trading volume on Thursday . 30,254 shares traded hands during trading, a decline of 14% from the previous session’s volume of 35,320 shares.The stock last traded at $148.69 and had previously closed at $151.12.

Hoya Stock Up 0.9%

The company has a market capitalization of $49.86 billion, a PE ratio of 29.55, a PEG ratio of 3.07 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 business has a fifty day moving average of $156.42 and a 200 day moving average of $167.73.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. Hoya had a net margin of 27.58% and a return on equity of 25.78%. Equities research analysts anticipate that Hoya Corp. will post 5.26 EPS for the current 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.