Hoya (OTCMKTS:HOCPY) Raised to Strong-Buy at Zacks Research

Hoya (OTCMKTS:HOCPY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks reports.

Hoya Price Performance

OTCMKTS:HOCPY opened at $152.84 on Wednesday. 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 50-day moving average of $154.06 and a 200-day moving average of $164.51. Hoya has a 52 week low of $138.88 and a 52 week high of $190.18. The company has a market capitalization of $51.18 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 3.11 and a beta of 0.97.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, topping the consensus estimate 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%. As a group, equities research analysts anticipate that Hoya will post 5.26 earnings per share for the current fiscal year.

About Hoya

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.